Walaa Cooperative Insurance Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was SAR 38.65 million compared to net loss of SAR 48.1 million a year ago. Basic earnings per share from continuing operations was SAR 0.45 compared to basic loss per share from continuing operations of SAR 0.74 a year ago.
For the six months, net income was SAR 62.95 million compared to net loss of SAR 67.71 million a year ago. Basic earnings per share from continuing operations was SAR 0.74 compared to basic loss per share from continuing operations of SAR 1.05 a year ago.