8 Hrs
Source:
مباشر
_1777294237270_124456903.png&w=64&q=75){kind=small}
Red Sea Q3 loss SAR 31.2m
Red Sea International recorded a net loss of SAR 31.2 million in the third quarter of 2026, up 1,765.15% year on year from a loss of SAR 1.67 million, and 85.1% higher than the previous quarter. Revenue fell 61.95% to SAR 375.17 million, while gross profit declined 54.97% to SAR 39.87 million. The company also swung to an operating loss of SAR 33.62 million. It attributed the results to a slower pace of project execution and lower profit margins, as well as higher financing costs and provisions for expected credit losses.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)