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Red Sea International Posts Higher H1 Attributable Loss; Revenue Down

MT Newswires·08/11/2026 09:33:13
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09:33 AM EDT, 08/11/2026 (MT Newswires) -- Red Sea International (SASE:4230) said Tuesday its loss for the first half widened, while its revenue fell year over year. Loss attributable to shareholders of the issuer for the six months ended June 30 was 14.3 million Saudi riyals, compared with 12.5 million riyals earlier. Loss per share moved to 0.3 riyal from a loss per share of 0.41 riyal. The Saudi Arabia-listed engineering group's revenue was 1.23 billion riyals, compared with 1.48 billion riyals a year ago.