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Halwani Q3 profit falls
Halwani Bros.’ net profit fell 47.69% year on year in the third quarter of 2026 to SAR 6.8 million, compared with SAR 13 million, despite a 7.27% increase in sales to SAR 247.9 million. The company attributed the decline in profit to higher selling, distribution and marketing expenses, as well as administrative costs related to restructuring, impairment losses on assets and foreign exchange differences. In the first nine months of the year, net profit rose 24.81% to SAR 33.7 million, while sales increased 3.31% to SAR 705.4 million.
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