Halwani Brothers reports Q3 net profit of SAR 6.8 million
Halwani Brothers posted third-quarter net profit of SAR 6.8 million on sales of SAR 247.9 million, with Egyptian core business sales up 21.6%, per Reuters.
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what happened
Halwani Brothers Co SJSC reported third-quarter net profit of SAR 6.8 million and sales of SAR 247.9 million, according to Reuters. Sales in the company's core business in the Egyptian market rose 21.6% over the quarter.
At the same time, selling and distribution expenses increased, the company stepped up spending on marketing and campaigns, and general and administrative costs went up. The company also booked foreign exchange losses of SAR 0.5 million during the quarter.
why it matters
For the wider market this is a small company report: revenue growth is offset by higher selling, marketing and administrative costs, along with currency losses, which hold back the bottom line. Its relevance for broader investors is limited.
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- Halwani Bros Q3 Profit SAR 6.8 Mln — Reuters, 1 November 2026 at 06:32 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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