Building Station Q2 profits fall to 8.76M Riyals
Home Marketing Group ("Construction Station") reported a 42.83% decline in profits for the second quarter of 2026, with net earnings totaling 8.76 million SAR compared to 15.32 million SAR in the same period of the previous year, mainly due to decreased sales and increased shipping and transportation costs. The company also experienced a 13.48% year-over-year drop in revenues, which reached 90.96 million SAR, although there was a slight quarterly increase driven by improved sales. In the first half of the year, profits fell by 41.88% to 16.79 million SAR, while revenues declined by 8.32% to 176.80 million SAR, amid geopolitical challenges and supply chain disruptions. Additionally, the company recorded decreases in gross profit and operating profit, with a significant decline in equity and earnings per share. The auditors confirmed that the report is free of any notes or reservations.
Notice: This Is an AI-Generated Summary
Comments (0)