Shrei Q2 profit drops to 16.3M riyals
Shari Trading Company's profits decreased by 1.83% in the second quarter of 2026, reaching 16.28 million SAR, despite a 39.77% increase in revenues to 169.25 million SAR during the same period. The rise in bad debt provisions led to a decline in net profit, even though sales of used cars grew by 137% and rental income increased by 17%. For the first half of 2026, profits rose by 8.18% to 34.66 million SAR, with revenues up 42.45% to 317.7 million SAR, driven by expanding sales of used cars and rental fleets.
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