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Qatelat Communications reports 68M riyals profit in three months
Union Goal Communications ("Goal Communications") achieved a net profit of 68 million Riyals during the first quarter of 2026, representing a 9.68% increase compared to the same period last year, when profits amounted to 62 million Riyals. The growth was driven by an increase in revenues of approximately 110 million Riyals, alongside a rise in cost of revenues by about 95 million Riyals, as well as other factors such as higher selling, marketing, and administrative expenses, offset by a decrease in other revenues and provisions for anticipated credit losses. The company also recorded a 9.68% increase in profits compared to the previous quarter, when profits were 62 million Riyals.
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