Cherry Trading Profit Drops 39% Despite Revenue Surge
Riyadh, Saudi Arabia — Cherry Trading Co. posted a sharp decline in quarterly net profit even as revenue climbed, its nine-month interim results show. Net profit attributable to shareholders fell 39.1% year-on-year to 12.9 million SAR in Q3 2026, down from 21.2 million SAR in Q3 2025. For the nine-month period, net profit dropped 10.7% […] The post Cherry Trading Profit Drops 39% Despite Revenue…
Cherry Trading Co. experienced a 39.1% year-on-year decline in net profit to 12.9 million SAR in Q3 2026, despite a 33.2% surge in total revenue to 177.0 million SAR. Rising expenses, including a credit loss provision, offset strong growth in used car sales and fleet leasing, causing margin compression. While revenue grew 39.0% over nine months, net profit fell 10.7%.
Investors should monitor the expanding cost structure and the credit loss provision, which signals rising credit risk, and review the change in auditors from the previous year.
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