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Al-Khozama Saudi Q2 profits drop 82.1%
Saudi Ceramics Company's profits declined by 82.1% in the second quarter of 2026, recording 20.24 million SAR compared to 112.8 million SAR in the same period last year. This decrease is attributed to non-recurring items in last year's results, including a settlement of an insurance claim worth 120 million SAR, an unrealized loss of 3.5 million SAR on certain assets, and tax differences amounting to 7.7 million SAR. After excluding these items, the company's profits increased by 38.9 million SAR, with gross profit margin improving to 33.2% due to enhanced production efficiency and cost reduction. Revenues rose by 30.24% year-over-year to reach 377.85 million SAR. Additionally, the first half of the year showed a decline in profits by 68.15%, despite a 12.77% increase in revenues. Operating profit, however, decreased by 54.51%.
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