Saudi Chemical Holding Q3 net profit at SAR 64.59 million
Saudi Chemical Holding posted Q3 net profit of SAR 64.59 million on sales of SAR 1,697.54 million, per Reuters. Lower volumes and higher costs weighed.
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what happened
Saudi Chemical Holding Company reported third-quarter net profit of SAR 64.59 million, with sales of SAR 1,697.54 million. According to the company, sales volumes declined during the quarter.
Raw material and shipping costs rose over the same period, and the zakat and tax provision increased as well. The information was published by Reuters.
why it matters
For a chemicals producer, higher feedstock and freight costs squeeze margins even when revenue holds up, so the quarter's profit reflects both weaker volumes and rising expenses. The bigger zakat and tax provision also trims net earnings. Investors in Saudi petrochemical names watch such cost trends closely.
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sources
- Saudi Chemical Holding Q3 Profit SAR 64.59 Mln — Reuters, 1 November 2026 at 06:29 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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