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Amiante reports Q2 losses of 68.13M riyals
U.S. Ammantite Saudi Arabia reported a net loss of 68.13 million SAR in the second quarter of 2026, representing an increase of 236% compared to a loss of 20.28 million SAR in the same period of the previous year. The main reasons for this are a decline in sales and rising raw material prices due to supply chain disruptions caused by geopolitical situations, in addition to losses from foreign investments. The company's results also worsened in the first half of the year, with losses reaching 122.9 million SAR compared to a loss of 9.6 million SAR in the same period last year. Sales decreased by 51.6% to 169.7 million SAR, and gross profit dropped from 17.2 million SAR to a loss of 23.1 million SAR.
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