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FINANCIAL NEWS
Saudi transport sector’s profit up 32 percent in Q1
11 May 2014
(MENAFN) Saudi listed transport sector posted a 32 percent growth in net profit to USD68.6171 million in the first three months of this year, up from USD51.90 million in the same quarter 2013, according to Arab News.
Profits achieved by the sector dropped by up to 40 percent in the first quarter compared to the fourth quarter 2013 which reached USD114.44 million
Al-Hayat daily reported that the sector is comprised of four listed companies whose market capitalization is worth USD5.224 billion, which is 1 percent of the market value of the capital market.
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