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Aslak profit up 229.5%
Union Wire Factories Company (“Aslak”) reported a 229.48% year-on-year increase in net profit for the third quarter of 2026, to SAR 8.83 million from SAR 2.68 million, supported by improved profit margins. However, net profit fell 44.67% from the previous quarter. Revenue declined 18.65% to SAR 163.6 million due to lower sales volumes, while gross profit rose 35.56% to SAR 18.3 million. In the first nine months of the year, net profit surged 503.82% to SAR 23.73 million, despite a 4.28% decline in revenue to SAR 523.9 million.
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