Arab Valves Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 44.66 million compared to EGP 28.06 million a year ago. Net income was EGP 3.46 million compared to EGP 2.52 million a year ago. Basic earnings per share from continuing operations was EGP 0.0418 compared to EGP 0.0305 a year ago.
For the nine months, sales was EGP 127.19 million compared to EGP 93.65 million a year ago. Net income was EGP 15.71 million compared to EGP 10.55 million a year ago. Basic earnings per share from continuing operations was EGP 0.1897 compared to EGP 0.1274 a year ago.