Arkan Building Materials Company (ARKAN) PJSC reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was AED 2,510.4 million compared to AED 173.07 million a year ago. Net income was AED 103.29 million compared to net loss of AED 5.95 million a year ago. Basic earnings per share from continuing operations was AED 0.015 compared to basic loss per share from continuing operations of AED 0.003 a year ago.
For the nine months, sales was AED 7,122.55 million compared to AED 591.16 million a year ago. Net income was AED 383.15 million compared to net loss of AED 29.19 million a year ago. Basic earnings per share from continuing operations was AED 0.056 compared to basic loss per share from continuing operations of AED 0.017 a year ago.