ASEC Company for Mining ASCOM, S.A.E reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EGP 354.84 million compared to EGP 220.31 million a year ago. Net income was EGP 54.48 million compared to net loss of EGP 4.84 million a year ago. Basic earnings per share from continuing operations was EGP 1 compared to basic loss per share from continuing operations of EGP 0.09 a year ago. Diluted earnings per share from continuing operations was EGP 1 compared to diluted loss per share from continuing operations of EGP 0.09 a year ago.
For the six months, sales was EGP 641.21 million compared to EGP 456.27 million a year ago. Net income was EGP 66.31 million compared to net loss of EGP 31.5 million a year ago. Basic earnings per share from continuing operations was EGP 1.2 compared to basic loss per share from continuing operations of EGP 0.6 a year ago. Diluted earnings per share from continuing operations was EGP 1.2 compared to diluted loss per share from continuing operations of EGP 0.6 a year ago.