Metal and Recycling Company K.S.C. (Public) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KWD 0.3961 million compared to KWD 0.4282 million a year ago. Revenue was KWD 3.61 million compared to KWD 2.79 million a year ago. Net income was KWD 0.045677 million compared to KWD 0.050035 million a year ago. Basic earnings per share from continuing operations was KWD 0.00051 compared to KWD 0.00055 a year ago.
For the nine months, sales was KWD 1.25 million compared to KWD 1.89 million a year ago. Revenue was KWD 9.89 million compared to KWD 9.43 million a year ago. Net income was KWD 0.20674 million compared to net loss of KWD 0.014475 million a year ago. Basic earnings per share from continuing operations was KWD 0.00229 compared to basic loss per share from continuing operations of KWD 0.00016 a year ago.