21 Hrs
Source:
مباشر
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Balady Q3 Profits Fall 38.89%
Balady Poultry Company’s third-quarter 2026 profit fell 38.89% year on year to SAR 4.53 million, compared with SAR 7.42 million in the same period last year. Revenue also declined 11.89% to SAR 192.89 million. The company attributed the drop in profit to pricing pressures, lower sales of certain products and feed, ongoing challenges in the fresh poultry sector, and higher expenses, financing costs and production input costs. In the first nine months of the year, net profit fell 5.29% to SAR 24.14 million, despite increases in gross and operating profit.
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