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Hanafi's Q2 profits surge 229 percent
The preliminary financial results for Herfy Food Company for 2026 show a significant positive turnaround, with net profits increasing by 229% to reach 2.9 million SAR in the second quarter, compared to 899 thousand SAR in the same period last year. Operating profits also grew by 21%, amounting to 11.1 million SAR. This success is attributed to the company's cost-cutting strategies and efficiency improvements, as well as its ability to leverage its vertical model, which provides flexibility in facing raw material price fluctuations. These factors contribute to improved profit margins and financial sustainability. The results indicate the company's success in strengthening its competitive position, positioning itself to regain financial momentum and achieve long-term sustainable profitability.
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