20 Hrs
Source:
مباشر
_1777294237270_124456903.png&w=64&q=75){kind=small}
Center profits drop 42%
Canadian Medical Center Company’s net profit fell 42.17% year on year in the third quarter of 2026 to SAR 2.02 million, while revenue declined 12.72% to SAR 36.38 million. The company attributed the decline to reduced activity on some projects, including NEOM projects affected by the suspension of some work and the suspension of the National Guard project, as well as higher provisions for expected credit losses. Lower losses on the investment portfolio, to SAR 243,000, helped limit the impact. For the first nine months of the year, net profit fell 27.3% to SAR 8.55 million despite an 8.71% increase in revenue to SAR 113.09 million, due to lower profit margins and higher provisions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)