Al Yamamah Steel Industries Company reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported sales was SAR 387.03 million compared to SAR 448.31 million a year ago. Net loss was SAR 17.89 million compared to net income of SAR 35.16 million a year ago. Basic loss per share from continuing operations was SAR 0.35 compared to basic earnings per share from continuing operations of SAR 0.69 a year ago. Diluted loss per share from continuing operations was SAR 0.35 compared to diluted earnings per share from continuing operations of SAR 0.69 a year ago.
For the six months, sales was SAR 848.88 million compared to SAR 912.55 million a year ago. Net loss was SAR 59.79 million compared to net income of SAR 69.17 million a year ago. Basic loss per share from continuing operations was SAR 1.18 compared to basic earnings per share from continuing operations of SAR 1.36 a year ago. Diluted loss per share from continuing operations was SAR 1.18 compared to diluted earnings per share from continuing operations of SAR 1.36 a year ago.