National Real Estate Company - K.P.S.C. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KWD 0.2661 million compared to KWD 2.26 million a year ago. Revenue was KWD 3.1 million compared to KWD 4.54 million a year ago. Net income was KWD 2.34 million compared to KWD 6.22 million a year ago. Basic earnings per share from continuing operations was KWD 0.00131 compared to KWD 0.00352 a year ago.
For the nine months, sales was KWD 2.16 million compared to KWD 6.73 million a year ago. Revenue was KWD 9.8 million compared to KWD 18.78 million a year ago. Net loss was KWD 1.48 million compared to net income of KWD 11.63 million a year ago. Basic loss per share from continuing operations was KWD 0.00083 compared to basic earnings per share from continuing operations of KWD 0.00658 a year ago.