12 Hrs
Source:
مباشر
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BATIC Profit Plunges 99%
BATIC Investment and Logistics Services Company’s net profit fell 99.1% in the third quarter of 2026 to SAR 89,700, compared with SAR 10.1 million in the same quarter a year earlier. For the first nine months, net profit declined 31.3% to SAR 17.2 million, while sales fell 4.2% to SAR 387.7 million. The company attributed the profit decline mainly to non-recurring gains of SAR 20.8 million from contract cancellations in the year-earlier period. Revenue declined across most sectors, while land transportation revenue rose 15%. Administrative expenses fell 12%, and financing costs dropped 51% to SAR 7.2 million.
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