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2026-11-10T07:00:26.827Z

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Mobi Q3 profit up 68.3%

Mobi Q3 profit up 68.3%

MOBI for Industry’s net profit rose 68.3% year on year in the third quarter of 2026 to SAR 8.90 million, compared with SAR 5.3 million in the same period last year. The company attributed the growth to a 16.79% increase in sales, supported by a 58% rise in agricultural fertilizer sales and a 13% rise in detergent sales, as well as a turnaround at its associate companies, which posted a profit of SAR 880,000 versus losses of more than SAR 1 million. Quarter on quarter, net profit fell by about 18% from SAR 10.85 million, due to higher operating costs related to imports and shipping, and the impact of geopolitical events on supply chains.

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