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Saudi Arabia's Fadeco Swings to H1 Attributable Net Loss; Revenue Up

MT Newswires·08/31/2026 00:08:31
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12:08 AM EDT, 08/31/2026 (MT Newswires) -- Arabian Food and Dairy Factories Co (SASE:9536), d/b/a Fadeco, said Sunday that it swung to an attributable net loss in the first half, while revenue rose year over year. Net loss attributable to shareholders of the issuer for the six months ended June 30 was 415,091 Saudi riyals, compared with a net profit of 137,143 riyals a year ago. Loss per share was 0.29 riyal, compared with an EPS of 0.1 riyal in the previous year. The Saudi Arabia-listed ice cream company's revenue was 33.4 million riyals, compared with 31.7 million riyals earlier.