United Gulf Holding Company B.S.C. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net interest loss was USD 6.78 million compared to USD 3.84 million a year ago. Net loss was USD 16.17 million compared to net income of USD 4.87 million a year ago.

Basic loss per share from continuing operations was USD 0.0369 compared to basic earnings per share from continuing operations of USD 0.0111 a year ago.