Malath Cooperative Insurance Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 21, 2023 at 04:01 pm
Malath Cooperative Insurance Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was SAR 8.19 million compared to net loss of SAR 18.9 million a year ago. Basic earnings per share from continuing operations was SAR 0.16 compared to basic loss per share from continuing operations of SAR 0.38 a year ago.
For the six months, net income was SAR 52.33 million compared to net loss of SAR 55.39 million a year ago. Basic earnings per share from continuing operations was SAR 1.05 compared to basic loss per share from continuing operations of SAR 1.11 a year ago.