Wafrah for Industry and Development Company reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SAR 33 million compared to SAR 15.15 million a year ago. Net income was SAR 5.02 million compared to net loss of SAR 2.59 million a year ago. Basic earnings per share from continuing operations was SAR 0.65 compared to basic loss per share from continuing operations of SAR 0.34 a year ago.
For the six months, sales was SAR 67.56 million compared to SAR 36.72 million a year ago. Net income was SAR 11.18 million compared to net loss of SAR 2.79 million a year ago. Basic earnings per share from continuing operations was SAR 1.45 compared to basic loss per share from continuing operations of SAR 0.36 a year ago.