Metal and Recycling Company K.S.C. (Public) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KWD 0.065061 million compared to KWD 0.316677 million a year ago. Revenue was KWD 2.79 million compared to KWD 3.16 million a year ago. Net income was KWD 0.050035 million compared to net loss of KWD 0.425886 million a year ago. Basic earnings per share from continuing operations was KWD 0.00055 compared to basic loss per share from continuing operations of KWD 0.00473 a year ago.
For the nine months, sales was KWD 0.910767 million compared to KWD 2.7 million a year ago. Revenue was KWD 9.14 million compared to KWD 11.22 million a year ago. Net loss was KWD 0.014475 million compared to KWD 0.862794 million a year ago. Basic loss per share from continuing operations was KWD 0.00016 compared to KWD 0.00958 a year ago.