ADES Holding 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 1,078.69 million compared to SAR 590.49 million a year ago. Net income was SAR 83.87 million compared to SAR 21.96 million a year ago. Basic earnings per share from continuing operations was SAR 0.1.
For the nine months, sales was SAR 3,059.55 million compared to SAR 1,669.71 million a year ago. Net income was SAR 275.26 million compared to SAR 171.18 million a year ago. Basic earnings per share from continuing operations was SAR 0.44.