Extra profits increased to 94.76 million riyals in the first quarter of 2026
United Electronics Company’s profits increased "Extra" In the first quarter of 2026, by 10%, to 94.76 million riyals, compared to 86.1 million riyals in the same quarter of last year.
According to the company’s statement on the website "Saudi Arabia trading"The increase in net profit came as a result of the growth in the company’s revenues, which was reflected in an increase in total profit by 12.2% to reach 450.1 million riyals in the current quarter compared to 401.1 million riyals for the same quarter of the previous year.
The company witnessed an improvement in the gross profit margin by 1.6% during the current quarter compared to the same quarter of the previous year, where the company recorded 24.6%, and this is due to the improvement in the sales mix in the retail sector and the growth in Consumer finance sector.
This performance was reflected positively in net profit, which achieved a growth rate of 10.1%.
During this quarter, the company recorded net profits of 94.8 million riyals compared to 161.6 million riyals in the previous quarter.
This is due to the decrease in the profit margin in the current quarter, compared to supplier discounts at the end of the previous year.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
