Basic Chemical Industries Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SAR 187.11 million compared to SAR 160.62 million a year ago. Net loss was SAR 2.82 million compared to net income of SAR 13 million a year ago. Basic loss per share from continuing operations was SAR 0.1 compared to basic earnings per share from continuing operations of SAR 0.47 a year ago.
For the six months, sales was SAR 364.9 million compared to SAR 327.3 million a year ago. Net loss was SAR 6.85 million compared to net income of SAR 30.44 million a year ago. Basic loss per share from continuing operations was SAR 0.25 compared to basic earnings per share from continuing operations of SAR 1.11 a year ago.