Arab Sea Information Systems 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 7.36 million compared to SAR 9.91 million a year ago. Net loss was SAR 5.77 million compared to SAR 2.06 million a year ago. Basic loss per share from continuing operations was SAR 0.06 compared to SAR 0.02 a year ago.
For the nine months, sales was SAR 22.2 million compared to SAR 27.2 million a year ago. Net loss was SAR 17.48 million compared to SAR 7.53 million a year ago. Basic loss per share from continuing operations was SAR 0.17 compared to SAR 0.08 a year ago.