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Almunajem profit up 108%
Almunajem Foods Company reported net profit of SAR 31.5 million in the third quarter of 2026, down 0.63% year on year, while revenue fell 3.2% to SAR 790 million. The company attributed the decline in profit to higher financing costs amid increased capital expenditure and strategic investments, as well as a lower share of profits from an associate. In the first nine months of the year, net profit surged 107.7% to SAR 213.3 million, despite revenue declining 2.02% to SAR 2.46 billion.
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