Al Saif Gallery’s profits increased by 11.4% to 1.6 million riyals in the second quarter
The profits of Al Saif Stores Development and Investment Company increased "Al Saif Gallery" In the second quarter of 2026, by 11.4% to 1.6 million riyals, compared to 1.4 million riyals in the same quarter of last year.
According to the company’s statement on the website "Saudi Arabia trading"The reason for the increase in net profit is due to: an increase in sales by 3.8%.
The reasons included: a growth in gross profit by 2.8%, supported by an increase in sales, and a significant growth in other revenues.
The reason for the decrease in net profit on a quarterly basis is due to: a decrease in sales.
According to the statement, the reason for the increase in net profit in the first half of 2026 is due to: a growth in sales by 13.5%, and an improvement in operating profit by 3.2%, as a result of increasing operational efficiency.
The reasons included: the increase in other revenues and enhancing the efficiency of e-commerce operations.
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