Monday, 11 August 2025

SACO Returns to Profit in Q2 with SAR 5 Mln

Saudi Company for Hardware (SACO) announced on Sunday that it returned to profitability in the second quarter of 2025, with a profit of about SAR 5 million, compared with a loss of SAR 4 million in the same period last year.

Operational profit during the quarter increased to SAR 11.4 million, compared with SAR 1.5 million in the same quarter last year.

During the current six-month period, the company recorded a profit of SAR 10 million, compared with a loss of SAR 8.5 million in the same period last year.

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Profits per share amounted to SAR 0.28, compared with a loss of SAR 0.24 in the same period last year.

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