Ascq profits rise 94% in Q2 2026
Alsaq Plastic Company achieved a significant increase in its profits during the second quarter of 2026, reaching 13.18 million riyals, an increase of approximately 94% compared to the same period last year. This growth is attributed to higher sales and improved operational efficiency, especially in the pipelines and fittings sector, which contributed to a 65.76% increase in revenue to 62.46 million riyals. The company also recorded a 106.41% growth in operating profit, reaching 14.15 million riyals, and an improved net profit margin of 21%, resulting from cost control and enhanced production processes. On a semi-annual basis, total revenues increased to 118.5 million riyals, a rise of 38.27% over the same period last year, supported by increased demand for the company's products and expanded market share.
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