ASEC Company for Mining ASCOM, S.A.E reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EGP 357.33 million compared to EGP 230.72 million a year ago. Net income was EGP 66.66 million compared to net loss of EGP 0.961114 million a year ago. Basic earnings per share from continuing operations was EGP 1.2 compared to basic loss per share from continuing operations of EGP 0.02 a year ago. Diluted earnings per share from continuing operations was EGP 1.2 compared to diluted loss per share from continuing operations of EGP 0.02 a year ago.
For the nine months, sales was EGP 998.54 million compared to EGP 686.99 million a year ago. Net income was EGP 132.97 million compared to net loss of EGP 32.46 million a year ago. Basic earnings per share from continuing operations was EGP 2.5 compared to basic loss per share from continuing operations of EGP 0.6 a year ago. Diluted earnings per share from continuing operations was EGP 2.5 compared to diluted loss per share from continuing operations of EGP 0.6 a year ago.