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معلومات مباشر
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معلومات مباشر

2026-11-10T06:17:23.654Z

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Artix Swings to Q3 Loss

Artix Swings to Q3 Loss

Artix Industrial Investment Company swung to a net loss of SAR 32.12 million in the third quarter of 2026, compared with a profit of SAR 12.96 million in the same period last year. Its losses widened from SAR 2.07 million in the second quarter. The company attributed the swing to lower sales and higher costs and raw material prices. It also noted that results for the comparative quarter included SAR 42 million from the sale of a building. Quarterly revenue fell 4.4% to SAR 107.78 million. For the first nine months of the year, the company recorded a loss of SAR 19.92 million, compared with a profit of SAR 27.62 million, while revenue declined 8.21% to SAR 379.36 million.

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