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Source: معلومات مباشر
11 Hrsمعلومات مباشر
Source: معلومات مباشر
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Saudi Company for Tools and Hardware (SACO) swung to a net loss of SAR 15.73 million in the third quarter of 2026, compared with a profit of SAR 39.36 million in the same period last year. Sales fell 17.92% to SAR 214.55 million. The company attributed its performance to weaker demand for some products, the absence of a one-off capital gain of SAR 42.2 million from the sale of a property in the previous year, lower gross profit, higher expenses, and additional provisions. In the first nine months of the year, SACO posted a loss of SAR 15.49 million, compared with a profit of SAR 49.52 million, while sales declined 11.29% to SAR 688.42 million.
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