Al-Saif Gallery Q2 profits rise 11.42%
Al-Saif Gallery achieved a net profit of 1.61 million riyals in the second quarter of 2026, an increase of 11.41% compared to the same period last year, despite geopolitical challenges and a slowdown in consumer spending. Quarterly sales grew by 3.8% to reach 138.58 million riyals, supported by promotional offers and a 9.1% rise in online sales. For the first half of the year, revenues increased by 13.5% to 411.76 million riyals, with operating profit rising by 3.15% to 43.38 million riyals, and earnings per share improved to 0.11 riyals. The company expects to open a new branch in Riyadh during the third quarter, while also assessing the impact of the implementation of new financial reporting standards in 2027.
Notice: This Is an AI-Generated Summary
Comments (0)