Riyadh – Mubasher: Al Tayyar Travel Group Holding Company posted on Thursday a fall of 28.3% in its profit for the first quarter of fiscal year 2017 to SAR 137 million, compared to SAR 191 million for Q1-16.
Net profit dropped 3.5% compared to SAR 142 million for Q4-16, according to a bourse filing.
Revenues shrank 13% to SAR 467 million for Q1-17, compared to SAR 535 million for Q1-16.
The stock fell at Thursday’s close by 1.1% to SAR 30.94.
