Al-Food Gate's H1 profits fall 11.26%
The results of Al Ta'am Commercial Gate Company for the first half of 2026 showed an 11.26% year-over-year decline in profits, with net earnings reaching 3.50 million Saudi Riyals compared to 3.95 million Riyals in the previous year. An increase in revenue expenses by 7.34% due to the operational costs of new branches, along with higher operational and promotional expenses, led to a reduction in the company's profits, despite a 4.18% rise in revenue to 30.60 million Riyals resulting from the opening of a new restaurant and a second branch. Additionally, total shareholders' equity increased by 6.07% to reach 57.86 million Riyals, while earnings per share decreased to 1.11 Riyals from 1.25 Riyals.
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