news

Higher finance costs weigh on Cenomi Retail earnings

By CityCalc Newsroom · Mon May 11 2026 · Source: AGBI

Saudi Arabian franchiser Cenomi Retail recorded a loss in the first quarter of 2026 due to higher finance costs and the absence of a prior-year non-recurring divestment gain. A net loss of SAR47.3 million ($13 million) in the quarter ending in March is in stark contrast to the S…

Saudi Arabian franchiser Cenomi Retail recorded a loss in the first quarter of 2026 due to higher finance costs and the absence of a prior-year non-recurring divestment gain. A net loss of SAR47.3 million ($13 million) in the quarter ending in March is in stark contrast to the S…

Curated by CityCalc from AGBI. Read the full article at the source.

Related articles

Continue exploring