Al Yamamah Steel Industries Company reported earnings results for the first quarter ended December 31, 2022. For the first quarter, the company reported sales was SAR 461.85 million compared to SAR 464.24 million a year ago. Net loss was SAR 41.9 million compared to net income of SAR 34.01 million a year ago.

Basic loss per share from continuing operations was SAR 0.82 compared to basic earnings per share from continuing operations of SAR 0.67 a year ago.