Al Masane Al Kobra Mining 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 110.18 million compared to SAR 125.27 million a year ago. Net income was SAR 5.18 million compared to SAR 22.6 million a year ago. Basic earnings per share from continuing operations was SAR 0.07 compared to SAR 0.2713 a year ago.
For the nine months, sales was SAR 373.15 million compared to SAR 427.9 million a year ago. Net income was SAR 48.64 million compared to SAR 104.83 million a year ago. Basic earnings per share from continuing operations was SAR 0.69 compared to SAR 1.2467 a year ago.