Raydan Food Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 41.09 million compared to SAR 43.65 million a year ago. Net loss was SAR 5.35 million compared to net income of SAR 0.912017 million a year ago. Basic loss per share from continuing operations was SAR 0.34 compared to basic earnings per share from continuing operations of SAR 0.0638 a year ago. Diluted loss per share from continuing operations was SAR 0.34 compared to diluted earnings per share from continuing operations of SAR 0.0638 a year ago.
For the nine months, sales was SAR 144.16 million compared to SAR 124.04 million a year ago. Net loss was SAR 4.35 million compared to SAR 21 million a year ago. Basic loss per share from continuing operations was SAR 0.28 compared to SAR 1.3191 a year ago. Diluted loss per share from continuing operations was SAR 0.28 compared to SAR 1.3191 a year ago.