7 Hrs
Source:
الاقتصادية
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Source: الاقتصادية
7 Hrsالاقتصادية
Source: الاقتصادية
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Abdullah Al Othaim Markets Company recorded a net loss of SAR 39.26 million in the third quarter of 2026, compared with a profit of SAR 17.48 million in the same period a year earlier. Its losses for the first nine months totaled SAR 92.73 million. Third-quarter revenue fell 2.48% to SAR 2.66 billion. The company attributed the losses to lower sales and profit margins, higher e-commerce expenses, and inventory provisions related to challenges in implementing its enterprise resource planning system and managing supply chains. Quarter on quarter, sales rose 5.35% and losses narrowed by 63.35%. The company said its corrective measures had begun to have a positive impact.
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