Al Tayyar Travel posts 8.3pc profit rise
Riyadh, July 19, 2014
Saudi Arabia's Al Tayyar Travel Group posted an 8.3 percent rise in second-quarter net profit, citing higher sales for the improved earnings.
The firm made 364 million riyals ($97.1 million) in the three months to June 30, compared with 336 million riyals in the corresponding period of 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 326.6 million riyals. -Reuters