Arabian Steel Pipes Manufacturing CO. LTD reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was JOD 2.79 million compared to JOD 1.08 million a year ago. Net income was JOD 0.37567 million compared to net loss of JOD 0.050652 million a year ago. Basic earnings per share from continuing operations was JOD 0.042 compared to basic loss per share from continuing operations of JOD 0.006 a year ago. Diluted earnings per share from continuing operations was JOD 0.042 compared to diluted loss per share from continuing operations of JOD 0.006 a year ago.
For the six months, sales was JOD 4.12 million compared to JOD 1.97 million a year ago. Net income was JOD 0.345427 million compared to net loss of JOD 0.150464 million a year ago. Basic earnings per share from continuing operations was JOD 0.038 compared to basic loss per share from continuing operations of JOD 0.017 a year ago. Diluted earnings per share from continuing operations was JOD 0.038 compared to diluted loss per share from continuing operations of JOD 0.017 a year ago.