Malath Cooperative Insurance Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was SAR 22.94 million compared to net income of SAR 3.59 million a year ago. Basic loss per share from continuing operations was SAR 0.46 compared to basic earnings per share from continuing operations of SAR 0.07 a year ago. Diluted loss per share from continuing operations was SAR 0.46 compared to diluted earnings per share from continuing operations of SAR 0.07 a year ago.
For the nine months, net income was SAR 29.39 million compared to net loss of SAR 51.8 million a year ago. Basic earnings per share from continuing operations was SAR 0.59 compared to basic loss per share from continuing operations of SAR 1.04 a year ago. Diluted earnings per share from continuing operations was SAR 0.59 compared to diluted loss per share from continuing operations of SAR 1.04 a year ago.