13 Hrs
الاقتصادية - CNN
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الاقتصادية

2026-11-09T17:47:00.000Z

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الاقتصادية - CNN

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SRMG 9M Losses Rise 278%

SRMG 9M Losses Rise 278%

Saudi Research and Media Group’s losses rose 277.6% in the first nine months of 2026 to SAR 34.85 million, compared with SAR 9.23 million in the same period last year, despite a 9.64% increase in revenue to SAR 2.19 billion. Operating results swung to a loss of SAR 6.34 million, compared with an operating profit of SAR 31.37 million a year earlier. The group attributed the deterioration in its third-quarter results to higher depreciation, marketing and financing expenses, as well as a decline in some revenue due to weaker advertising demand and the postponement of projects and events amid geopolitical tensions.

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