Lulu Retail Posts $326.5M Half-Year Profit
Lulu Retail Company achieved a net profit of 326.5 million dirhams during the first half of 2026, representing a 30% decrease compared to the same period last year. Revenues also declined by 2.6%, reaching 14.66 billion dirhams. In the second quarter, the company recorded profits of 154.6 million dirhams, a decrease of 26.5%, with revenues dropping to 7.24 billion dirhams. Despite the decline in profits, the Board of Directors has decided to distribute interim dividends of 3 fils per share for the first half, amounting to approximately 84 million dollars, which is higher than the previously announced dividend distribution percentage.
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