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2026-11-05T06:03:32.473Z

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Abu Maati profit up 8.98%

Abu Maati profit up 8.98%

Abdullah Saad Mohammed Abu Muati for Libraries’ net profit rose 8.98% year on year in the second quarter of fiscal year 2026–2027 to SAR 12.13 million, compared with SAR 11.13 million. The company attributed the increase to lower operating and financing expenses. Sales grew 3.57% to SAR 83.57 million, supported by wholesale sales. Quarter on quarter, net profit surged 186.76%, while sales rose 53% on seasonal demand. However, net profit for the first six months declined 1.39% to SAR 16.37 million.

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