12 Hrs
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مباشر
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SMASCO Q3 profit falls
SMASCO’s net profit fell 12.29% year on year in the third quarter of 2026 to SAR 35.61 million, and 20.19% from the previous quarter. The company attributed the decline to a 13.52% drop in gross profit, driven by lower margins in its corporate segment amid competition and higher labor costs, as well as increased administrative expenses—despite revenue rising 11.3% to SAR 594.59 million. In the first nine months of the year, profit rose 16.43% to SAR 128.8 million, while revenue increased 11.41% to SAR 1.72 billion.
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