Canadian Medical Center Net Profit Drops 27% in Nine Months
Riyadh, Saudi Arabia — Canadian Medical Center Co. posted a nine-month net profit of 8.55 million SAR for the period ending September 30, 2026, down 27.3% from 11.76 million SAR in the same period a year earlier. Revenue grew 8.7% to 113.09 million SAR, but margin erosion and rising credit loss provisions squeezed earnings sharply. […] The post Canadian Medical Center Net Profit Drops 27% in Nine…
Canadian Medical Center's nine-month net profit fell 27% to 8.55 million SAR, despite an 8.7% year-on-year revenue increase to 113.09 million SAR. Revenue growth was offset by margin erosion and rising credit loss provisions. Operations were hit hardest, with net profit dropping 42.4% year-over-year. The NEOM and National Guard projects, both suspended, significantly impacted the third quarter's revenue and profit.
Rising credit loss allowances and a non-recurring purchase order also contributed to the profit decline. Investors should monitor contract reinstatement, receivables quality, and the company's ability to manage cost pressures and margin dilution.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
