Al-Jouf profits drop 48.55% in Q2 2026
Al-Jouf Agricultural Development Company's profits decreased by 48.55% in the second quarter of 2026 compared to the same period last year, reaching 9.48 million riyals, due to rising production costs caused by unusual weather conditions and declining selling prices. Nevertheless, the company's revenues saw a slight increase of 0.64%, amounting to 155.59 million riyals, supported by a temporary improvement in profit margins thanks to the use of new, low-cost crops. During the first half of the year, net profit fell by 78.27% to 11.53 million riyals, revenues declined by 0.59%, equity saw a modest increase, and earnings per share dropped to 0.38 riyals.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)