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Steve Halor

Alhasoob Co. releases interim financial results for six-month period

In spite of a 6.8% surge in sales, primarily driven by ink and printer sales, the overall profit experienced a significant decline of 40.5%. This decline can be attributed to the implementation of discounted selling prices aimed at boosting sales, particularly in the computer segment. Additionally, factors such as an upsurge in supply volume, intensified market competition, and a decrease in product profitability ratios have further contributed to the decline in total profit.


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