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Lin Al-Khair reports first-half loss
Results of Lin Alkhair Trading Company for the first half of 2026 show a complete shift from profitability to losses. The company recorded a net loss of 17.97 million SAR, compared to a profit of 2.28 million SAR a year earlier. The decline in sales by 15.26%, amounting to 114.17 million SAR, combined with increased costs—particularly the cost of sales, which did not decrease proportionally—led to a compression of profit margins and turned gross profit into a loss of 6.95 million SAR. Additionally, the results were affected by higher general and administrative expenses, provisions for credit losses, and financing costs. These factors contributed to a 35.66% decrease in total equity, with accumulated losses reaching 25.6 million SAR, representing 31% of its capital, which places the company under regulatory obligations.
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