Alandalus Property 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 55.54 million compared to SAR 53.27 million a year ago. Net income was SAR 7.19 million compared to SAR 18.04 million a year ago. Basic earnings per share from continuing operations was SAR 0.08 compared to SAR 0.19 a year ago.
For the nine months, sales was SAR 163.95 million compared to SAR 160.66 million a year ago. Net income was SAR 33.1 million compared to SAR 53.3 million a year ago. Basic earnings per share from continuing operations was SAR 0.35 compared to SAR 0.57 a year ago.