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NAHDI MEDICAL-
Nahdi Medical saw its net income drop 14.4% y-o-y to SAR 182.2 mn in 3Q 2024 on the back of an increase in operating expenses attributed to expansions, it said in a disclosure to Tadawul. Meanwhile, revenues rose 8.8% y-o-y at SAR 2.4 bn due to strong performance in the retail, healthcare, and UAE segments, according to an earnings release (pdf).
On a 9M basis: The company’s net income narrowed 8.2% y-o-y at SAR 662.9 mn during the first nine months of the year. Revenues were up 9% over the same period, with the growth attributed to better performance in the pharma segment on the back of increased prescription flows, more partnerships with medical ins. providers, and the launch of new products, the earnings release explained.
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SADAFCO-
Saudia Dairy and Foodstuff’s net income increased 21.5% y-o-y at SAR 137.1 mn in 3Q 2024, on the back of double digit growth in export and other segments, among other factors, the firm said in a disclosure to Tadawul. Revenues increased 6.1% during the period at SAR 789.6 mn.
On a 9M basis: The dairy player’s bottom line grew 26.1% y-o-y at SAR 391.1 mn during the first nine months of the year, while revenues saw a 6.6% bump at SAR 2.2 bn.
MARAFIQ-
The Power and Water Utility Company for Jubail and Yanbu (Marafiq) saw its net income inch down 1.1% y-o-y at SAR 186 mn in 3Q 2024, with the company attributing the decline to rising fuel costs and a drop in finance income that were partly offset by greater sales, it said in a disclosure to Tadawul. Meanwhile, revenues were up 9.2% at SAR 1.9 bn on the back of greater sales volumes across all segments.
On a 9M basis:Marafiq reported a 35.2% y-o-y decrease in bottomline at SAR 294.1 mn through the first nine months of the year, while top line grew 8.6% during the period at SAR 5.2 bn.
