Saudi Company for Hardware SACO reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was SAR 240.27 million compared to SAR 319.51 million a year ago. Net loss was SAR 16.52 million compared to net income of SAR 1.11 million a year ago.

Basic loss per share from continuing operations was SAR 0.46 compared to basic earnings per share from continuing operations of SAR 0.03 a year ago.