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Glass profits up 67% in Q2 2026
National Glass Industries "G’Zaj" announced its preliminary financial results for the second quarter of 2026. The company achieved a net profit of 33.4 million SAR, representing a 67% increase compared to the same quarter of the previous year. This growth is primarily attributed to an increase in profit-sharing from associate companies, especially Guardian Ras Al Khaimah, which returned to its normal levels after maintenance shutdowns from February to April 2025. Despite a 9.55% decline in sales during the quarter, the company experienced a 73.49% growth in profits in the first half of 2026, with net profit attributable to shareholders rising to 66.1 million SAR compared to 38.1 million SAR in the same period last year. First-half sales reached 71.8 million SAR, up by 9.95% from the previous year, despite recording a minimal operational loss of 0.2 million SAR.
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