Sinomi Centers reports 19% drop in Q3 2026 profit to 405m riyals
Sinomi Centers posted a 19% year-on-year decline in net profit for Q3 2026, with earnings falling to 405 million riyals as operating profit also decreased.
Key Takeaways
AISinomi Centers reported that net profit attributable to shareholders fell to 405 million riyals (SAR) in the third quarter of 2026, down from 501 million riyals in the same period last year, marking a 19% decrease.
The announcement followed the release of preliminary financial results for the nine-month period ending September 30, 2026. Operating profit for the third quarter reached 564 million riyals, compared to 694 million riyals a year earlier, also a 19% decline.
Net profit for the current period stood at 993 million riyals, down from 1.19 billion riyals in the corresponding period last year, representing a 17% drop.
Earnings per share for the current period were 1.93 riyals, compared to 2.31 riyals in the same period last year.