23 Hrs
Source:
الاقتصادية
Sadafco profits beat forecasts despite Polish pressures
SADAFCO, the Saudi company specializing in dairy products, juices, and ice cream, achieved profits higher than expectations despite a 25% decline in the second quarter of 2026. This decrease is mainly due to a 51% drop in revenue from its subsidiary in Poland, Mlekomo, resulting from declining prices and sales volume. Nonetheless, the company's overall revenues increased by 7% to 688 million riyals, driven by strong sales of core products and solid performance in emerging markets. The company's profits fell to 88.2 million riyals, impacted by rising raw material costs, regional tensions, and increased fuel prices. Profit margins contracted across the board, but the stock responded positively to the results, rising by 0.7%, with an attractive dividend yield of 7.9%.
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