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Leejam Q3 earnings fall
Leejam Sports Company’s net profit fell 11.11% year on year to SAR 72 million in the third quarter of 2026, compared with SAR 81 million, despite rising 14.29% from the previous quarter. The company attributed the annual decline to a drop in its gross profit margin from 39% to 35% as newly opened centers continued to grow, as well as higher expenses and SAR 16 million in non-recurring costs. Revenue, meanwhile, rose 2.73% to SAR 451 million. Revenue growth and a SAR 22.6 million gain from the sale of land helped limit the decline in profits.
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