Red Sea International Company reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was SAR 118.2 million compared to SAR 117.23 million a year ago. Net loss was SAR 18.58 million compared to SAR 18.82 million a year ago.

Basic loss per share from continuing operations was SAR 0.61 compared to SAR 0.62 a year ago. Diluted loss per share from continuing operations was SAR 0.61 compared to SAR 0.62 a year ago.