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معلومات مباشر
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2026-11-01T14:21:55.670Z

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Banan Profit Edges Down

Banan Profit Edges Down

Banan Real Estate’s net profit fell 0.86% year on year to SAR 8.711 million in the third quarter of 2026, and declined 1.39% from the second quarter. Sales decreased 0.26% to SAR 18.54 million. The company attributed the decline to lower rental income following the sale of a building in Al Wadi district and a 14% increase in cost of revenue to SAR 3.54 million, despite a 39% drop in financing costs to SAR 1.44 million. In the first nine months of the year, net profit rose 11.15% to approximately SAR 30 million.

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