Arabian Drilling 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 919.58 million compared to SAR 701.84 million a year ago. Net income was SAR 140.04 million compared to SAR 213.37 million a year ago. Basic earnings per share from continuing operations was SAR 1.57 compared to SAR 2.67 a year ago.
For the nine months, sales was SAR 2,489.51 million compared to SAR 1,953.26 million a year ago. Net income was SAR 421.81 million compared to SAR 421.03 million a year ago. Basic earnings per share from continuing operations was SAR 4.74 compared to SAR 5.26 a year ago.