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Construction Station reports Q2 profit of 8.76M riyals
The profits of Manazel Marketing and Trading Group ("Building Station") declined by 42.83% in the second quarter of 2026, with net profit reaching 8.76 million SAR compared to 15.32 million SAR in the same period last year. The decrease is attributed to lower sales and increased shipping and transportation costs, with revenues dropping by 13.48% to reach 90.96 million SAR. For the first half of the year, profits fell by 41.88% to 16.79 million SAR, and revenues declined by 8.32%, due to the impact of geopolitical events and supply chain challenges. Additionally, shareholders' equity decreased by 20.40% to 272.41 million SAR.
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