City Cement 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 70.68 million compared to SAR 100.08 million a year ago. Net income was SAR 4.42 million compared to SAR 25.26 million a year ago. Basic earnings per share from continuing operations was SAR 0.03 compared to SAR 0.18 a year ago.
For the nine months, sales was SAR 256.72 million compared to SAR 297.42 million a year ago. Net income was SAR 56.3 million compared to SAR 67.26 million a year ago. Basic earnings per share from continuing operations was SAR 0.4 compared to SAR 0.48 a year ago.