Travel, Tourism & Hospitality

Al Tayyar Travel posts 8.8pc increase in Q2 net profit

DUBAI
Al Tayyar Travel posts 8.8pc increase in Q2 net profit
Al Tayyar...positive performance

Saudi Arabia's Al Tayyar Travel Group posted an 8.8 per cent rise in second-quarter net profit on Wednesday as sales grew.

The company made a net profit of SR396 million ($105.6 million) in the three months to June 30, up from SR364 million in the prior-year period.

Al Tayyar said quarterly sales rose 21 per cent year-on-year as it increased the number of its branches inside Saudi Arabia.

Saudi Fransi Capital had forecast the firm would make a net profit of SR404 million for the quarter. - Reuters

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