MBCO Profits Rise 192.61% Q2 2026
Al Eqtisadiah for Middle East Paper Manufacturing and Production Company (Mabco) achieved a significant increase in its second-quarter profits for 2026, rising by 192.61% to reach 15.29 million SAR, compared to 5.23 million SAR in the same period last year. This rise is primarily attributed to an 8.3% increase in revenues, which amounted to 298 million SAR, driven by higher sales volumes and improved average prices, in addition to the development of the marketing mix. Additionally, sales of paperboard and industrial papers grew by 17%. At the same time, operating profits increased by 70.5%, reaching 20.37 million SAR, with gross profit margins improving to 19% from 13%, reflecting efficient cost management. In the first half of 2026, net profit totaled 13.29 million SAR, representing a 25.9% increase compared to the previous year, with sales amounting to 542.3 million SAR, and operating profits remaining stable at 25.14 million SAR.
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