Methanol Chemicals 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 180.77 million compared to SAR 239.81 million a year ago. Net loss was SAR 24.59 million compared to net income of SAR 27.55 million a year ago. Basic loss per share from continuing operations was SAR 0.36 compared to basic earnings per share from continuing operations of SAR 0.41 a year ago.
For the nine months, sales was SAR 555.85 million compared to SAR 871.26 million a year ago. Net loss was SAR 83.62 million compared to net income of SAR 222.38 million a year ago. Basic loss per share from continuing operations was SAR 1.24 compared to basic earnings per share from continuing operations of SAR 3.3 a year ago.