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معلومات مباشر
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Advanced Building Industries Company’s net profit fell 98.63% year on year in the third quarter of 2026 to SAR 1.04 million, from SAR 75.56 million, and declined 97.82% from the previous quarter. The company attributed the drop mainly to lower profit and operating income in its air-conditioning and insulation segments, as well as a decrease in its share of results from associates and joint ventures. Sales fell 9.07% to SAR 1.43 billion, while operating profit declined 68.72% to SAR 38.02 million. The auditor issued a qualified conclusion because of discrepancies and a shortage in the air-conditioning segment’s inventory. Related adjustments amounted to SAR 126 million, and the auditor was unable to determine whether further adjustments were required.
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