FINANCIAL NEWS

Bahri KSA net profit grows in Q4

18 Jan 2016

(MENAFN) National Shipping Firm of Saudi Arabia (Bahri) claimed a huge rise in Q4 net income, stating grow in revenue after the end of its merger with Vela Marine Global and grow in its fleet size.

Moreover, Saudi Aramco, the exclusive oil-shipper claimed a net profit for the three months to Dec.31 of USD 151.2mn, up from USD 32.8mn in the same period of 2015.

The Company proposed more than doubles its yearly cash dividend, paying out USD 0.6mn per share a year earlier.

In addition, the shipper recently had a fleet of 75 vessels, of which 33 were huge crude carriers (VLCCs) and 26 were chemical tankers.

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