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SABIC Nutrients Q3 Profit Drops
SABIC Agricultural Nutrients company announced a 62.48% year-on-year decline in its third-quarter profits for 2026, with net profit dropping to 484 million SAR from 1.29 billion SAR in the same period of the previous year. This decline is attributed to reduced sales volumes, increased selling, distribution, and shipping expenses due to supply chain challenges, as well as decreased results from a subsidiary and joint ventures. Despite a 33.55% rise in revenue compared to the previous quarter, the total revenue decreased by 8.57% year-on-year, with operating profit falling by 66.67%. For the first nine months of 2026, net profits decreased by 37.34%, and revenue declined by 13.94%, driven by the same factors of lower sales volumes and supply challenges, despite an increase in average selling prices.
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