United Wire Factories 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 182.89 million compared to SAR 264.12 million a year ago. Net income was SAR 2.15 million compared to SAR 3.05 million a year ago. Basic earnings per share from continuing operations was SAR 0.07 compared to SAR 0.09 a year ago.
For the nine months, sales was SAR 610.23 million compared to SAR 771.16 million a year ago. Net income was SAR 12.13 million compared to SAR 45.26 million a year ago. Basic earnings per share from continuing operations was SAR 0.36 compared to SAR 1.29 a year ago.