United Real Estate Company K.S.C.P. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was KWD 10.77 million compared to KWD 7.96 million a year ago. Revenue was KWD 19.66 million compared to KWD 21.96 million a year ago. Net income was KWD 2.01 million compared to KWD 4.98 million a year ago. Basic earnings per share from continuing operations was KWD 0.00155 compared to KWD 0.00463 a year ago.
For the six months, sales was KWD 21.7 million compared to KWD 15.44 million a year ago. Revenue was KWD 43.09 million compared to KWD 40.73 million a year ago. Net income was KWD 4.04 million compared to KWD 6.58 million a year ago. Basic earnings per share from continuing operations was KWD 0.0031 compared to KWD 0.00612 a year ago.