Al-Harfy reports 229% profit increase Q2 2026
Herfy Food Services Company announced a net profit of 2.96 million SAR in the second quarter of 2026, representing an increase of over 229% compared to the same period last year, despite a 6.7% decline in sales to 265.4 million SAR. This improvement in profitability is primarily due to lower selling and distribution expenses, a reduction in financial costs, and decreased provisions related to impairments of financial assets. The company's semi-annual losses have also narrowed by 94.6%, while the operational profit for the second quarter reached 11.16 million SAR, a 21% increase from the previous year, reflecting cost management efficiency and improved operational performance.
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