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Saiscisco profits rise 196% Q2 2026
Cisco Holding Company announced a 196% increase in its profits for the second quarter of 2026, reaching 59.2 million riyals compared to 20 million riyals in the same period of the previous year. This growth is attributed to strong revenue increases in port operations and logistics services. Additionally, revenues rose by 129.79% year-on-year to reach 722.7 million riyals, supported by continued growth in the port sector and multipurpose terminal operations, despite higher operational expenses and a decline in share of profits from associates. For the first half of the year, net profits increased by 91.05% to 85.4 million riyals, with revenues growing by 74.52% to 1.16 billion riyals, driven by improved performance in port operations and storage services.
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