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Lamassat's H1 profit drops to 18.68M Riyals
Lamsat Company's profits declined by 1.34% in the first half of 2026, reaching 18.68 million riyals, compared to 18.93 million riyals in the same period last year. However, revenues increased by 4.3% to 77.16 million riyals, following the opening of a new branch in Yanbu and higher sales at other branches, despite the profit decline partly due to the new branch still being in the initial operational phase and incurring operational costs. Additionally, shareholders' equity grew by 6.23% to 186.42 million riyals, while earnings per share decreased to 0.23 riyal.
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