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FINANCIAL NEWS
Saudi listed tourism, hospitality firms post USD373.1m profits
23 Mar 2015
(MENAFN) Saudi listed tourism and hospitality firms posted USD373.1 million profits in 2014, marking a 7.4 percent increase compared to the USD351.78 million in 2013, Arab News reported.
Profits of the tourism sector in the fourth quarter 2014 decreased by 15 percent to USD69.63 million against the USD81.81 million in the fourth quarter of 2013.
The number of listed tourism and hospitality companies abides at four with market capitalization at USD7.72 billion, which is equivalent to 1.5 percent of the Saudi market value.
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