Saudi Steel Pipes 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 317.47 million compared to SAR 204.78 million a year ago. Net income was SAR 24.96 million compared to SAR 16.79 million a year ago. Basic earnings per share from continuing operations was SAR 0.494 compared to SAR 0.331 a year ago. Diluted earnings per share from continuing operations was SAR 0.49 compared to SAR 0.328 a year ago.
For the nine months, sales was SAR 845.74 million compared to SAR 600.68 million a year ago. Net income was SAR 115.89 million compared to SAR 43.07 million a year ago. Basic earnings per share from continuing operations was SAR 2.297 compared to SAR 0.863 a year ago. Diluted earnings per share from continuing operations was SAR 2.276 compared to SAR 0.855 a year ago.