Halwani Bros' Q2 profit up 370%
Hawwani Brothers Company announced that its net profits during the second quarter of 2026 increased by over 370%, reaching 11.47 million riyals compared to 2.44 million riyals in the same period last year. This growth was driven by improved operational efficiency and a decrease in financing costs. Despite a slight decline in sales by 0.88%, totaling 212.01 million riyals, the company maintained strong profits thanks to an increased gross profit margin and a 35% reduction in financing expenses. In the first half of 2026, the company recorded a sales growth of 1.28% and a net profit increase of 92.82%, reflecting a positive financial performance despite seasonal market challenges.
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