Metal and Recycling Company K.S.C. (Public) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was KWD 0.045066 million compared to KWD 0.643864 million a year ago. Revenue was KWD 2.79 million compared to KWD 3.49 million a year ago. Net loss was KWD 0.117394 million compared to KWD 0.388175 million a year ago. Basic loss per share from continuing operations was KWD 0.0013 compared to KWD 0.00431 a year ago.
For the six months, sales was KWD 0.845706 million compared to KWD 2.38 million a year ago. Revenue was KWD 6.35 million compared to KWD 8.06 million a year ago. Net loss was KWD 0.06451 million compared to KWD 0.436908 million a year ago. Basic loss per share from continuing operations was KWD 0.00072 compared to KWD 0.00485 a year ago.