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Food Portal Benefits Fall 11.26% in H1 2026
The profits of Bawwabat Al-Ataa Food Company declined by 11.26% in the first half of 2026, reaching 3.50 million SAR compared to 3.95 million SAR in the same period last year. This decrease was due to a 7.34% increase in cost of revenue, which led to higher operating costs and expenses related to opening new branches. Despite the drop in profits, revenues increased by 4.18% to 30.60 million SAR, supported by the opening of the "Maman" restaurant and the "Kimono - Narges" branch. Equity rose to 57.86 million SAR, while earnings per share fell to 1.11 SAR.
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