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Screen Retail reports Q2 loss of 80.9M SAR
AFG International (Sinomi Retail) recorded a net loss of 80.9 million SAR in the second quarter of 2026, representing a 22% decrease compared to the same period in 2025, driven by an improved sales mix and increased contributions from the fashion, electronics, sports, and beauty sectors. The company achieved an 11.5% growth in sales, reaching 1.26 billion SAR, supported by strong performance in the Saudi market during the Eid al-Adha season and international expansion, despite a 7.8% quarter-over-quarter decline in revenue due to its seasonal nature. In the first half of 2026, losses increased by 21.9% to reach 133.9 million SAR, with accumulated losses amounting to 2.39 billion SAR, representing 208.6% of the company's capital.
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