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Halwani Bros.’ net profit fell 47.69% year on year in the third quarter of 2026 to SAR 6.8 million, compared with SAR 13 million. The company attributed the decline to higher selling, marketing and administrative expenses related to restructuring, as well as asset impairment losses and foreign exchange differences, despite a 7.27% increase in sales to SAR 247.9 million. In the first nine months of the year, net profit rose 24.81% to SAR 33.7 million.
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