Halwani Bros. Co. Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 211.1 million compared to SAR 229.76 million a year ago. Net loss was SAR 42.49 million compared to SAR 22.97 million a year ago. Basic loss per share from continuing operations was SAR 1.2 compared to SAR 0.65 a year ago.
For the nine months, sales was SAR 656.01 million compared to SAR 769.8 million a year ago. Net loss was SAR 70.62 million compared to SAR 5.12 million a year ago. Basic loss per share from continuing operations was SAR 2 compared to SAR 0.14 a year ago.