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Medical Community Reports Losses in Early 2026
Alcommunity Medical Company recorded losses in the first half of 2026, with a net loss of 4.92 million riyals compared to a profit of 4.26 million riyals in the same period of 2025. This was due to a 21.57% decline in sales, which dropped to 184.33 million riyals, mainly because of changes in the policy of its largest customer and increased competition, especially from low-price stores. As a result, gross profit decreased by 7.4 million riyals, while operational and financing expenses increased. Equity dropped to 139.02 million riyals, and earnings per share turned into a loss of 0.52 riyals.
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