Saudi Cable 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 3.87 million compared to SAR 25.03 million a year ago. Net loss was SAR 5.83 million compared to SAR 44.49 million a year ago. Basic loss per share from continuing operations was SAR 0.87 compared to SAR 6.6824 a year ago.
For the six months, sales was SAR 15.59 million compared to SAR 60.38 million a year ago. Net income was SAR 35.08 million compared to net loss of SAR 81.64 million a year ago. Basic earnings per share from continuing operations was SAR 5.26 compared to basic loss per share from continuing operations of SAR 11.0849 a year ago.