{
  "id": 17036066,
  "title": "Saudi Cable Profit Slumps 56% on Liquidity Crisis",
  "url": "https://urgent.news/2026/10/29/saudi-cable-profit-slumps-56-on-liquidity-crisis",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T08:33:20.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/10/29/saudi-cable-profit-slumps-56-percent-liquidity-crisis/"
  },
  "original_language": "en",
  "account": "Riyadh, Saudi Arabia — Saudi Cable Co. reported a net profit that plummeted 56% year-over-year for the nine months ending September 30, 2026, falling to 44.4 million SAR from 101.7 million SAR in the same period last year. Revenue also dropped by 40% to 68.3 million SAR as liquidity constraints and reduced customer advance payments crippled working capital, eliminating customer payments in advance. The results expose the company's structural struggles; accumulated losses now stand at 227 million SAR, representing 340% of share capital, and current liabilities exceed current assets by 671.4 million SAR. The auditor's warning of a going concern status underscores the company's precarious financial situation, hinting that survival may rely on events yet to materialize.",
  "summary": "Riyadh, Saudi Arabia — Saudi Cable Co. reported a net profit of 44.4 million SAR for the nine months ending September 30, 2026 — a 56% collapse from 101.7 million SAR in the same period last year. Revenue fell 40% year-on-year to 68.3 million SAR, driven by persistent liquidity constraints that crippled working capital and […] The post Saudi Cable Profit Slumps 56% on Liquidity Crisis appeared…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}