Saudi Steel Pipes Company reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SAR 204.78 million compared to SAR 83.32 million a year ago. Net income was SAR 16.79 million compared to SAR 15.92 million a year ago. Basic earnings per share from continuing operations was SAR 0.331 compared to basic loss per share from continuing operations of SAR 0.065 a year ago. Diluted earnings per share from continuing operations was SAR 0.328.
For the nine months, sales was SAR 600.68 million compared to SAR 263.87 million a year ago. Net income was SAR 43.07 million compared to net loss of SAR 0.637538 million a year ago. Basic earnings per share from continuing operations was SAR 0.863 compared to basic loss per share from continuing operations of SAR 0.392 a year ago. Diluted earnings per share from continuing operations was SAR 0.855.