Saudi Steel Pipes Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SAR 361.38 million compared to SAR 211.82 million a year ago. Net income was SAR 84.56 million compared to SAR 11.74 million a year ago. Basic earnings per share from continuing operations was SAR 1.675 compared to SAR 0.246 a year ago. Diluted earnings per share from continuing operations was SAR 1.66 compared to SAR 0.244 a year ago.
For the six months, sales was SAR 528.27 million compared to SAR 395.9 million a year ago. Net income was SAR 90.93 million compared to SAR 26.27 million a year ago. Basic earnings per share from continuing operations was SAR 1.803 compared to SAR 0.531 a year ago. Diluted earnings per share from continuing operations was SAR 1.786 compared to SAR 0.527 a year ago.