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Sabic Nutrients' Q2 Profit Falls 64%
Sabic Agricultural Nutrients Company’s profits declined by 64.25% year-over-year in the second quarter of 2026, reaching 379 million riyals compared to 1.06 billion riyals during the same period of the previous year. This decrease was primarily due to lower sales volumes caused by supply chain challenges, despite an increase in the average selling prices of most of the company's products. The company's revenues also fell by 26.65%, totaling 2.41 billion riyals. Additionally, the net profits for the first half of the year dropped by 21.43% to 1.61 billion riyals, while shareholders’ equity increased by 5.14% to reach 21.19 billion riyals.
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