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Source: معلومات مباشر
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Comel’s net profit fell 51.41% year on year to 2.44 million riyals in the third quarter of 2026, while revenue declined 12.02% to 35.32 million riyals. The company attributed the drop in profit to higher selling and marketing, general and administrative expenses, a higher provision for credit losses, and lower gross profit. The impact was partly offset by an improved gross profit margin and lower financing costs. In the first nine months of the year, net profit fell 64.05% to 6.07 million riyals.
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