Atlas Elevators' H1 profit declines 22.82%
Atlas Elevators Trading, General Contracting, and Supply Company's profits declined by 22.82% in the first half of 2026, amounting to 3.32 million SAR compared to 4.31 million SAR in the same period of 2025. The company's income decreased due to lower revenues from core activities such as installations, manufacturing, and measurements, reflecting a decline in contract numbers and the impact of closures in the Strait of Hormuz and regional conditions on sales. Additionally, administrative and sales expenses increased by 24.83%, contributing to a decrease in overall profitability. Before the decline, the company's profits were 13.65 million SAR, impacted by rising expense costs. The main reasons for the profit decrease include reduced sales and market challenges resulting from geopolitical factors. The results also indicate the influence of the Ramadan season and holidays on financial performance.
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