Al-Ahbār wa Al-Ilam profits reach 1.7M Riyals Q2 2026
Saudi Research and Media Group announced a net profit of 1.7 million riyals in the second quarter of 2026, marking a turnaround from losses recorded during the same period in 2025. This improvement was driven by the reversal of credit loss provisions and a reduction in expenses. Revenues increased by 13.31% year-over-year to reach 765.59 million riyals, with growth in the publishing and digital content sectors, despite a decline in printing sector revenues due to market changes. For the first half of 2026, profits surged by 64%, with total revenues rising to 1.54 billion riyals. However, declines in gross profit and operating profit highlighted a deterioration in financial performance. The group also expanded its stake in Uthmea Publishing and Distribution Company and increased earnings per share to 0.43 riyals.
Notice: This Is an AI-Generated Summary
Comments (0)