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Al-Riyadh Cables Q2 Profit Rises 9.9%
Kabulat Riyadh Group Company's results showed a 9.86% increase in net profits in the second quarter of 2026, reaching 306.82 million riyals, compared to 279.29 million riyals in the same period of the previous year. The company's revenues grew by 7.92% to 2.93 billion riyals, driven by an increase in the volume of sales. Additionally, the results for the first half of the year reflected a profit growth of 9.96%, with revenues rising by 9.49%. This was reflected in an increase in shareholders' equity by 19.09% to 3.47 billion riyals, and an increase in earnings per share to 3.93 riyals. The profit increase is attributable to revenue growth and higher sales volume.
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