Halwani Bros. Reports 84% Decline in Profits to SAR 2.4 Million in Q2

Halwani Bros. reported on Wednesday a net profit of SAR 2.4 million for the second quarter of 2025, marking an 84% decline compared to SAR 15.3 million in the same period last year. This was reported for the financial period ending June 30, 2025.

Operational profit decreased by 53%, reaching SAR 13.8 million, compared to SAR 29.8 million in the same quarter last year.

For the current six-month period, net profit rose by 29%, amounting to SAR 14 million, compared to SAR 1.7 million in the same period last year.

Earnings per share for the period were SAR 0.39, compared to SAR 0.30 in the same period last year.