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مباشر
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Alasmak Narrows Q3 Loss
Saudi Fisheries Company narrowed its net loss in the third quarter of 2026 to SAR 3.89 million, down 43.5% from SAR 6.89 million in the same period of 2025, despite recording no sales compared with SAR 1.1 million previously. It attributed the improvement to the cessation of selling and distribution expenses, lower losses from discontinued operations, the reversal of a SAR 1.04 million expected credit loss allowance, gains from the revaluation of properties, and lower zakat expenses. Administrative expenses, however, rose 81.9%. In the first nine months of the year, losses fell 56.15% to SAR 8.1 million, as restructuring continued and non-strategic assets were sold.
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