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FINANCIAL NEWS
Saudi Al-Tayyar Travel profit up 8.3 percent in Q2
18 Jul 2014
(MENAFN) Saudi Arabia’s Al-Tayyar Travel Group saw an 8.3 percent growth in its second-quarter net profit, due to higher sales for the improved earnings, according to Arab News.
The firm’s net profit for the quarter was estimated at USD97.1 million compared to USD89.58 million in the same period in 2013, according to a bourse filing, with sales growing 18 percent year-on-year.
The net profit figure exceeded Bakheet Investment Group”s forecast for the period of USD87.074 million.
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