22 Hrs
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مباشر
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Savola Q3 earnings fall
Savola Group’s net profit attributable to shareholders fell 66.67% in the third quarter of 2026 to SAR 128.5 million, compared with SAR 385.56 million a year earlier, but rose 10.25% quarter on quarter. The group said the decline was mainly due to the non-recurrence of a SAR 247 million reversal of zakat provisions that had boosted last year’s profit. By contrast, profit in the food manufacturing segment rose 31% to SAR 141 million, while the retail segment swung from a profit of SAR 24 million to a loss of SAR 18 million. For the first nine months, revenue increased 3.1% to SAR 20.1 billion, while net profit fell 22.1% to SAR 529.5 million. Recurring profit rose 26% to SAR 500 million.
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