Al Yamamah Steel Industries Company reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was SAR 496.94 million compared to SAR 387.03 million a year ago. Net income was SAR 30.54 million compared to net loss of SAR 17.89 million a year ago. Basic earnings per share from continuing operations was SAR 0.6 compared to basic loss per share from continuing operations of SAR 0.35 a year ago. Diluted earnings per share from continuing operations was SAR 0.6 compared to diluted loss per share from continuing operations of SAR 0.35 a year ago.
For the six months, sales was SAR 1,127.66 million compared to SAR 848.88 million a year ago. Net income was SAR 60.09 million compared to net loss of SAR 59.79 million a year ago. Basic earnings per share from continuing operations was SAR 1.18 compared to basic loss per share from continuing operations of SAR 1.18 a year ago. Diluted earnings per share from continuing operations was SAR 1.18 compared to diluted loss per share from continuing operations of SAR 1.18 a year ago.