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2026-11-10T06:17:37.361Z

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Aslak Q3 profit up 229.5%

Aslak Q3 profit up 229.5%

United Wire Factories Company (“Aslak”) reported a 229.48% year-on-year increase in net profit for the third quarter of 2026, reaching SAR 8.83 million, compared with SAR 2.68 million, driven by improved profit margins. Revenue, however, fell 18.65% to SAR 163.6 million due to lower sales, while gross profit rose 35.56% to SAR 18.3 million. Quarter on quarter, net profit declined 44.67%. Net profit for the first nine months reached SAR 23.73 million, up 503.82% year on year.

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