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UCC profits rise to 28.79M Riyals in Q2
The preliminary financial results of United Cardboard Industries (UCCI) showed a 257.76% year-on-year increase in net profits during the second quarter of 2026, reaching 28.79 million Riyals compared to 8.05 million Riyals in the same period of the previous year. This growth is attributed to increased sales volume and higher average selling prices, leading to improved profit margins despite rising raw material costs, especially paper, in both local and international markets. Additionally, the company's revenues increased by 14.66% to 384.09 million Riyals, with profits rising by 19.18% compared to the first quarter of the same year. For the first half of the year, the company's profits surged by 98.27% to 52.94 million Riyals, while revenues grew by 7.7% to 737.58 million Riyals. Shareholders' equity increased by 7.93% to 625.54 million Riyals, and earnings per share rose to 1.32 Riyals. The company emphasized its intention to continue monitoring geopolitical developments and their impacts on supply chains and costs, while maintaining an ongoing assessment of the situation to ensure the preservation of its financial performance.
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