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Ground Services reports Q2 loss of 56.6M riyals
The Saudi Ground Services Company recorded a net loss of 56.6 million riyals in the second quarter of 2026, compared to a profit of 99.37 million riyals in the same period of the previous year. This was due to a decrease in revenues by 53.8 million riyals and an increase in operating expenses by 74 million riyals, especially as the company needed to keep up with restoring operations to their previous levels, supporting the Hajj and Umrah seasons, and the rise in administrative expenses by 20.2 million riyals, along with a decrease in Zakat expenses by 4.6 million riyals.
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