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via argaam.comBusiness & Companies

SPIMACO swings to Q3 loss on lower sales and higher provisions, CFO says

FROM THE WIRE · ARGAAM.COM

Saudi Pharmaceutical Industries and Medical Appliances Corp.’s (SPIMACO) swinging to a loss in Q3 2026 was driven by lower sales to the government sec

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA quarterly loss driven by lower sales and higher provisions can weigh on the company's shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) swung to a loss in Q3 2026.
  2. 02According to the CFO, the loss was driven by lower sales to the government sector.
  3. 03The CFO also cited higher provisions as a factor behind the loss.

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