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Cenomi Centers’ net profit fell 19.13% year on year to SAR 404.9 million in the third quarter of 2026, compared with SAR 500.7 million, despite rising 4.98% from the previous quarter. The company attributed the annual decline to an increase in the cost of revenue to SAR 145.9 million from SAR 99.4 million, higher operating expenses for the Westfield Jeddah project after it entered the operational phase, and the fact that the year-earlier period benefited from the settlement of an insurance claim related to a fire. Meanwhile, revenue rose 9.96% to SAR 606.2 million, and visitor numbers increased 20.7% to 39 million.
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