Saudi Electricity Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SAR 19,717.53 million compared to SAR 19,401.68 million a year ago. Net income was SAR 4,016.92 million compared to SAR 5,502.27 million a year ago. Basic earnings per share from continuing operations was SAR 0.51 compared to SAR 0.8 a year ago. Basic earnings per share was SAR 0.51 compared to SAR 0.86 a year ago.
For the six months, sales was SAR 33,096.74 million compared to SAR 32,933 million a year ago. Net income was SAR 4,496.67 million compared to SAR 7,019.52 million a year ago. Basic earnings per share from continuing operations was SAR 0.17 compared to SAR 0.71 a year ago. Basic earnings per share was SAR 0.17 compared to SAR 0.77 a year ago.