ASEC Company for Mining ASCOM, S.A.E reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 475.24 million compared to EGP 357.33 million a year ago. Net income was EGP 2,215.39 million compared to EGP 66.66 million a year ago. Basic earnings per share from continuing operations was EGP 42.4 compared to EGP 1.2 a year ago. Diluted earnings per share from continuing operations was EGP 42.4 compared to EGP 1.2 a year ago.
For the nine months, sales was EGP 1,410.22 million compared to EGP 998.54 million a year ago. Net income was EGP 2,260.06 million compared to EGP 115.49 million a year ago.