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معلومات مباشر
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2026-11-10T05:56:26.785Z

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Artex posts Q3 loss

Artex posts Q3 loss

Artix Industrial Investment Company swung to a net loss of SAR 32.12 million in the third quarter of 2026, compared with a profit of SAR 12.96 million in the same period of 2025. Its loss widened from SAR 2.07 million in the previous quarter. The company attributed the results to lower sales, higher costs and raw-material prices, as well as the fact that the previous year’s results included a SAR 42 million gain from the sale of a building. Third-quarter revenue fell 4.4% to SAR 107.78 million. In the first nine months of 2026, the company recorded a loss of SAR 19.92 million, compared with a profit of SAR 27.62 million a year earlier, while revenue declined 8.21% to SAR 379.36 million.

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