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معلومات مباشر
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معلومات مباشر

2026-11-05T06:24:06.610Z

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Miahona profits fall 41%

Miahona profits fall 41%

Miahona’s net profit attributable to shareholders fell 41.3% year on year in the third quarter of 2026 to SAR 2.7 million, compared with SAR 4.6 million, due to lower gross profit and higher financing costs. Sales declined 42.5% to SAR 100.7 million as construction revenue fell after one of the projects reached the actual completion stage. In the first nine months of the year, net profit dropped 88.8% to SAR 8.2 million, compared with SAR 73.3 million in the same period.

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