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Amiantit Posts Larger H1 Loss; Revenue Plummets

MT Newswires·08/06/2026 09:19:44
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09:19 AM EDT, 08/06/2026 (MT Newswires) -- Saudi Arabian Amiantit Co (SASE:2160) said Thursday its loss for the first half widened, while revenue dropped year over year. Net loss attributable to shareholders of the issuer for the six months ended June 30 was 123 million Saudi riyals, compared with 9.6 million riyals earlier. Loss per share moved to 2.76 riyals from 0.22 riyal. The Tadawul-listed pipe manufacturer's revenue was 169.7 million riyals, compared with 351 million riyals a year ago.