Saftco's H1 profits rise 341%
Saudia Group for Mass Transit "SAPTCO" achieved a net profit of 75 million SAR in the second quarter of 2026, marking an increase of 85% compared to the same period last year. This reflects improvements in operational efficiency and growth in core business activities. Additionally, the net profit for the first half of 2026 amounted to approximately 90 million SAR, with earnings per share rising to 0.57 SAR from 0.09 SAR in the previous year. The company's accumulated losses decreased to 201 million SAR (16.17% of capital). These results confirm SAPTCO’s progress in its financial strategies and transformation efforts, including expanding its commercial services and developing initiatives such as the "Mirab" company, which provides integrated maintenance services, and the SAPTCO Driving School, which has begun pilot operations in Jeddah. These efforts are part of the company's goal to achieve sustainable growth and enhance shareholder value, aligning with Saudi Arabia's Vision 2030 for the transportation and logistics sector.
Notice: This Is an AI-Generated Summary
Comments (0)