Middle East Specialized Cables Company reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SAR 200.57 million compared to SAR 135.87 million a year ago. Net income was SAR 0.253132 million compared to net loss of SAR 9.06 million a year ago. Basic earnings per share from continuing operations was SAR 0.01 compared to basic loss per share from continuing operations of SAR 0.23 a year ago.
For the nine months, sales was SAR 586.3 million compared to SAR 371.7 million a year ago. Net loss was SAR 11.52 million compared to SAR 5.54 million a year ago. Basic loss per share from continuing operations was SAR 0.29 compared to SAR 0.14 a year ago.