UCI profits rise on sales growth
The preliminary financial results of United Cardboard Industries (UCI) showed a 257.76% year-on-year increase in the second quarter of 2026, reaching 28.79 million Riyals compared to 8.05 million Riyals in the same period of the previous year. The report attributed this growth to increased sales volume and higher average selling prices, which led to improved profit margins despite the impact of rising raw material costs, especially paper. Revenues also increased by 14.66% to 384.09 million Riyals, while profits for the first half of the year surged by 98.27%. Additionally, shareholders' equity rose to 625.54 million Riyals, and earnings per share increased to 1.32 Riyals. The company continues to monitor the effects of geopolitical conditions on its operations.
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