United Electronics Company reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was SAR 1,315.04 million compared to SAR 1,315.01 million a year ago. Revenue was SAR 1,438.14 million compared to SAR 1,411.98 million a year ago.

Net income was SAR 84.44 million compared to SAR 97.51 million a year ago. Basic earnings per share from continuing operations was SAR 1.12 compared to SAR 1.3 a year ago. Diluted earnings per share from continuing operations was SAR 1.06 compared to SAR 1.22 a year ago.