Profits of “Electrical Industries” increased by 54.5% to 190.7 million riyals in the first quarter
The net profits of the Electrical Industries Company for the first quarter of 2026 increased by 54.5% to 190.77 million riyals, compared to net profits amounting to 123.43 million riyals in the same quarter of the previous year.
The increase in net profit is due to increased sales and the diversity of products sold, which include some products with higher profitability, in addition to improved profit margins for some products. The increase in net profit was offset by an increase in selling and distribution expenses, as the company explained in a statement on "Saudi Arabia trading"
The company’s sales also increased during the current quarter compared to the same quarter of the previous year, due to increased demand in all sectors within the Kingdom of Saudi Arabia. This rise was particularly noticeable in high-voltage substation projects, infrastructure projects, and a series of new industrial projects, including the oil and gas sector.
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