Arabian United Float Glass Reports SAR 26.91M Net Profit in the Six Months 2026
UFG 9611.SA | 0.00 |
On 2026-08-05 16:19:23 (Saudi Time), Arabian United Float Glass Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 142,758,836 | 156,093,717 | -8.542 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 26,908,987 | 37,271,448 | -27.802 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 478,162,676 | 454,803,542 | 5.136 | ||
| Profit (Loss) per Share | 1.58 | 2.19 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The decrease in revenues during the current period compared to the same period of the previous year is attributable to a decline in sales volume and lower prices for certain products. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The decrease in net profit during the current period compared to the same period of the previous year is attributable to rising costs and lower prices for certain products. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | None |
Year-on-Year Performance Drivers
Sales/Revenue declined 8.542% YoY from SAR 156.09 million to SAR 142.76 million, driven by a decline in sales volume and lower prices for certain products. Net profit attributable to shareholders fell 27.802% YoY from SAR 37.27 million to SAR 26.91 million, primarily due to rising costs and lower prices for certain products.
Other Items
The external auditor issued an unmodified conclusion for the period. Total shareholders' equity (after deducting minority equity) stood at SAR 478,162,676, compared to SAR 454,803,542 in the same period of the previous year, representing an increase of 5.136%. Earnings per share were SAR 1.58, down from SAR 2.19 in the prior year period. No reclassification of comparison items was reported, and no accumulated losses or fair value changes in investment properties were disclosed.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97316&anCat=1&cs=9611&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.