Raoom Trading Posts 10.84M SAR Nine-Month Loss
Riyadh, Saudi Arabia — Raoom Trading Co. swung to a net loss of 10.84 million SAR for the nine months ending September 30, 2026, compared to a net profit of 6.96 million SAR in the same period a year earlier. The 17.80 million SAR swing stems almost entirely from a sharp rise in fair value […] The post Raoom Trading Posts 10.84M SAR Nine-Month Loss appeared first on The Saudi Standard .
Riyadh, Saudi Arabia — Trading company Raoom Trading Co. reported a net loss of 10.84 million SAR over the most recent nine months, in contrast to a net profit of 6.96 million SAR during the same period a year ago. The loss primarily resulted from a significant increase in fair value losses on financial assets, reaching 20.23 million SAR, compared to just 2.24 million SAR previously.
Sales also declined by 3.5% year-over-year to 75.4 million SAR, down from 78.1 million SAR. Nonetheless, operating profit increased by 3.7% to 12.77 million SAR. Investors must recognize that the disparity between the operating performance and the net loss is due to financial asset revaluations.
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