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Saudi Arabia's Fipco Swings to H1 Net Profit; Revenue Rises

MT Newswires·08/05/2026 01:33:07
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01:33 AM EDT, 08/05/2026 (MT Newswires) -- Filling and Packing Materials Manufacturing Co. (SASE:2180), d/b/a Fipco, said Wednesday it swung to a net profit in the first half, while revenue grew year over year. Net profit attributable to shareholders of the issuer for the six months ended June 30 was 5.9 million Saudi riyals, compared with a loss of 15.1 million riyals a year ago. EPS moved to 0.52 riyal from a loss per share of 1.32 riyals. The Saudi Arabia-listed packaging products company's revenue was 144.2 million riyals, compared with 119.8 million riyals earlier.