“Naqi Water” profits fell to 4.7 million riyals in the second quarter
The profits of Naqi Water Company in the second quarter of 2025 decreased by 56.8% to 4.7 million riyals, compared to 11 million riyals in the same quarter of last year. "Saudi Arabia trading"The reason for a decrease in net profit during the current quarter compared to the same quarter of the previous year is due to the decline in sales in the water sector, in addition to registering non -operational profits in the same quarter of the previous year as a result of the sale of a plot of land previously announced to all shareholders. />
The net profit increased during the current quarter compared to the previous quarter by 31%, and this improvement is mainly due to the increase in revenues by 15%, supported by the growth of the retail sector sales and the improvement of revenues from logistics services, which reflected positively on the operational performance and the company’s profitability during this quarter. To enhance operational efficiency and achieve sustainable growth. With the expenses of the poultry sector, which is still under the company’s future expansion plan.
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