Riyadh-Mubasher: Saudi Ground Services’ net profits grew 13% year-on-year to SAR 196.95 million ($52.52 million) in the second quarter of 2016 from SAR 174.28 million ($46.48 million).
The increase in net profits is due to higher revenues and other revenues as well as a rise in investments income of an associate company, according to a bourse filing on Tuesday.
The Saudi-listed company’s net profits increased 37.46% to SAR 391.9 million in H1-16 from SAR 285.11 million in the year-ago period.
