16 Hrs
Source:
مباشر
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CGS Q2 profit falls to SAR 9.5m
Gronenfelder Saadi Union Holding Company (“CGS”) reported a 1.65% year-on-year decline in net profit in the second quarter of fiscal 2027, to SAR 9.5 million, despite a 20.08% increase in revenue to SAR 119.1 million. The company attributed the decline in profit to a lower gross profit margin, which fell to 18.8% amid competitive pressures and higher input costs. Revenue growth was supported by increases in three of its four segments, while refrigerated transport revenue declined 7.4%. In the first half of the year, net profit fell 4.74% to SAR 17.99 million, despite revenue rising 22.79% to SAR 230.14 million.
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