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Saudi's Nadec Posts Lower H1 Net Profit, Revenue

MT Newswires·07/20/2026 01:40:41
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01:40 AM EDT, 07/20/2026 (MT Newswires) -- National Agricultural Development Co. (SASE:6010), d/b/a Nadec, said Monday that net profit and revenue for the first half declined year over year. Net profit attributable to shareholders of the issuer for the six months ended June 30 was 158.3 million Saudi riyals, compared with 218.7 million Saudi riyals earlier. EPS moved to 0.53 riyal from 0.72 riyal. The Saudi Arabia-listed agricultural company's revenue was 1.79 billion riyals, compared with 1.84 billion riyals a year ago.