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FINANCIAL NEWS
Saudi’s Bahri records USD469mn net profit
20 Jan 2017
(MENAFN) National Shipping Co. of Saudi Arabia (Bahri), a pioneer in logistics and transportation has posted a net profit of USD469.3mn in 2016.
Moreover, the firm recorded net revenue of USD1.8bn and earnings per share of SR4.48 for the year.
In addition, it posted profit of USD93.3mn for the last quarter of 2016, up 52 percent from the previous quarter.
Meanwhile, distribution of cash dividends amounting to USD262.4mn to shareholders; while this amount to SR2.5 per share and shows 25 percent of the capital.
M
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