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Al-Sanāʿāt Kahrabāʾīyah Q2 profit rises to 211.5M
Electric Industries Company achieved a rise in its profits during the second quarter of 2026, with net earnings reaching 211.53 million riyals, an increase of 54.72% compared to the previous year, driven by higher sales amounting to 708.57 million riyals and increased demand for energy projects and industries related to the oil and gas sectors. The company also recorded a 54.64% growth in its first half-year results, with sales increasing to 1.37 billion riyals, supported by product diversification and an increase in sales of higher-margin products, despite rising selling, distribution expenses, and financing costs. The report clarified that the current results do not include a refund amount of 26.1 million riyals from the General Authority for Competition, which will be reflected in the third quarter results.
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