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Source: معلومات مباشر
17 Hrsمعلومات مباشر
Source: معلومات مباشر
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Komel’s net profit for the third quarter of 2026 fell 51.41% year on year to SAR 2.44 million, compared with SAR 5.03 million, while revenue declined 12.02% to SAR 35.32 million. The company attributed the drop in profit to higher selling and administrative expenses and provisions for credit losses, as well as lower sales to government and quasi-government entities. The impact was partly offset by an improvement in gross profit margin and lower financing costs. In the first nine months of the year, net profit fell 64.05% to SAR 6.07 million, compared with SAR 16.88 million in the same period.
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