Red Sea International Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SAR 107.14 million compared to SAR 62.57 million a year ago. Net loss was SAR 19.13 million compared to SAR 47.71 million a year ago. Basic loss per share from continuing operations was SAR 0.63 compared to SAR 1.58 a year ago.
For the six months, sales was SAR 225.33 million compared to SAR 179.8 million a year ago. Net loss was SAR 37.71 million compared to SAR 66.53 million a year ago. Basic loss per share from continuing operations was SAR 1.25 compared to SAR 2.2 a year ago.