Nqi Q2 profit boosts to 8.94M Riyals
Naqi Water Company achieved a significant increase in its profits in the second quarter of 2026, with net profit soaring by 86.3% year-over-year to reach 8.86 million riyals, and rising by 42.7% compared to the previous quarter. This growth is attributed to an 18.2% increase in sales resulting from the company's expansion in retail sales and an improved sales mix, along with enhanced operational profitability due to better cost control in manufacturing. During the first half of the year, the company recorded profits of 15.08 million riyals, an approximate 80% increase over the same period last year, driven directly by expansion in the water sector and table egg sales.
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