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Al-Battal Factory Cuts Losses in H1
Al-Batal Chemical Industries Company announced a 31.49% reduction in its losses during the first half of 2026, with net losses reaching 2.71 million SAR compared to 3.96 million SAR in the previous year. This improvement is attributed to a 34.14% increase in revenues, driven by better sales performance and an improved product mix, along with a decline in losses from impairment of advances paid to suppliers. However, the company still faces challenges due to accumulated losses totaling 24.78 million SAR (74.29% of shareholders' equity), resulting from prior operational losses, the suspension of operations following a factory fire, increased financing costs, and higher operational expenses. The company is working on rehabilitating the factory, increasing sales, enhancing operational efficiency, and achieving better cash flows.
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