_1777294237270_124456903.png&w=48&q=75){kind=small}
Xai shifts Saudi Co-Op Q2 to profit
Sasco Company announced a significant revision of its financial results for the second quarter of 2026, shifting from a loss of 5.98 million riyals to a net profit of 56.81 million riyals, following a valuation of its investments in xAI in accordance with International Financial Reporting Standards. The results for the first six months were also adjusted, resulting in a net profit of 33.11 million riyals instead of a previous loss of 29.69 million riyals. Shareholders’ equity increased by 4% to 918.58 million riyals. During the second quarter, the company achieved revenues of 3.22 billion riyals, a 12.22% increase compared to the same period last year. Earnings per share were also revised to a profit of 0.47 riyals from a loss of 0.42 riyals. The company confirmed that its results accurately reflect its financial position following the latest valuation of its investments.
Notice: This Is an AI-Generated Summary
Comments (0)