Saudi Electricity Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 04:02 pm EST
Saudi Electricity Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 23,799.09 million compared to SAR 22,749.62 million a year ago. Net income was SAR 5,843.84 million compared to SAR 6,375.23 million a year ago. Basic earnings per share was SAR 0.94 compared to SAR 1.07 a year ago.
For the nine months, sales was SAR 56,895.83 million compared to SAR 55,682.62 million a year ago. Net income was SAR 10,340.51 million compared to SAR 13,394.75 million a year ago. Basic earnings per share was SAR 1.11 compared to SAR 1.84 a year ago.