Rapid Solutions 2026 H1 profits fall 73
The equity of Al-Holool Al-Mustasr'a Company increased by 2.75%, despite a 73.09% decrease in its net profits in the first half of 2026. The company recorded profits of 8.78 million riyals compared to 32.66 million riyals in the same period last year. Revenues also declined by 32.14%, reaching 182.67 million riyals, due to the suspension of some major projects and a decrease in software and services sales. Additionally, profit margins were affected by fluctuations in raw material prices. Despite the decline in profits, the financial statements show relative stability in the company's capital structure.
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