2 Days
Source:
مباشر
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SASCO swings to Q3 loss
Saudi Automotive Services Company (SASCO) swung to a net loss of SAR 20.79 million in the third quarter of 2026, compared with a profit of SAR 8.41 million in the same period a year earlier. The company attributed the swing to higher cost of sales, provisions and expenses, and lower dividend distributions and other gains, despite a 10.4% increase in sales to SAR 3.38 billion. Gross profit fell 28.66% to SAR 49.56 million. In the first nine months of the year, net profit declined 70.97% to SAR 12.31 million, while sales rose 10.7% to SAR 9.63 billion.
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