Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company posted a 21.2% decrease in the net profits of the second quarter of 2016 to SAR 29 million ($7.73 million) from SAR 36.8 million ($9.8 million) in Q2-15.
The net profit fall was due to a decline in Naqel’s sales, and higher sales and operating expenses, according to a bourse filing.
The Saudi-listed company’s profits retreated 27.4% in the first six months in 2016 to SAR 57.2 million compared to SAR 78.8 million in the same period of 2015.
