7 Hrs
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مباشر
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SACO Q3 loss on sales dip
The Saudi Company for Tools and Hardware (SACO) posted a net loss of SAR 15.73 million in the third quarter of 2026, compared with a profit of SAR 39.36 million in the same period a year earlier. Sales fell 17.92% to SAR 214.55 million. The company attributed the results to lower demand for some products and the absence of a one-off gain of SAR 42.2 million from a property sale in the prior year, as well as lower gross profit, additional provisions and higher expenses. In the first nine months of the year, SACO recorded losses of SAR 15.49 million, while sales declined 11.29% to SAR 688.42 million. The company has begun implementing a plan to improve the operational and financial performance of its subsidiary, Medscan, with results to be assessed at the end of 2026.
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