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FINANCIAL NEWS
Saudi Al-Tayyar Q3 net profit up 8.6 percent
21 Oct 2015
(MENAFN) Saudi Arabia’s Al-Tayyar Travel Group posted an 8.6 percent rise in third-quarter net profit on Tuesday, driven by higher sales.
The company made a net profit of USD70.7 million in the three months to Sept. 30, up from USD65.02 million in the prior-year period, according to a bourse filing.
Al-Tayyar, whose founder Al-Tayyar stepped down as vice chairman and managing director on Sept. 1, said quarterly sales rose 8 percent on-year thanks to more branches as well as acquisitions.
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