Tabuk Cement Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 54.13 million compared to SAR 73.68 million a year ago. Net loss was SAR 4.15 million compared to net income of SAR 7.79 million a year ago. Basic loss per share from continuing operations was SAR 0.046 compared to basic earnings per share from continuing operations of SAR 0.087 a year ago.
For the nine months, sales was SAR 198.79 million compared to SAR 210.11 million a year ago. Net income was SAR 25.16 million compared to SAR 3.36 million a year ago. Basic earnings per share from continuing operations was SAR 0.28 compared to SAR 0.037 a year ago.