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Saudi Ceramics Q2 profits drop 82.1%
Al Kathif Saudi Company announced an 82.06% decline in its profits during the second quarter of 2026 compared to the same period last year, with profits amounting to 20.24 million SAR versus 112.8 million SAR. The company attributed the decrease to non-recurring items such as insurance claims settlements and a reduction in the value of certain assets. However, it noted that excluding these items reveals an increase in profits of 38.9 million SAR compared to the previous year, along with improvements in profit margins and cost management. Revenues rose by 30.24%, reaching 377.85 million SAR. On a semi-annual basis, profits dropped by 68.15% to 42.66 million SAR despite a 12.77% increase in revenues, accompanied by a 54.51% decrease in operating profit.
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