Southern Province Cement 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 286.46 million compared to SAR 323.33 million a year ago. Net income was SAR 53.26 million compared to SAR 88.62 million a year ago. Basic earnings per share from continuing operations was SAR 0.38 compared to SAR 0.63 a year ago. Diluted earnings per share from continuing operations was SAR 0.38 compared to SAR 0.63 a year ago.
For the nine months, sales was SAR 812.32 million compared to SAR 887.24 million a year ago. Net income was SAR 121.19 million compared to SAR 238.41 million a year ago. Basic earnings per share from continuing operations was SAR 0.87 compared to SAR 1.7 a year ago. Diluted earnings per share from continuing operations was SAR 0.87 compared to SAR 1.7 a year ago.