Riyadh – Mubasher: Saudi Ground Services Co. announced the financial results for the period ended 31 December, 2015, showing that its Q4 net profits slightly rose 0.46% to SAR169 million, compared with SAR168 million for the same period in 2014.
The annual net profit increased by 25% to SAR621 million, compared with SAR496.5 million a year earlier.
The company attributed Q4-15 profit rise to the increase in gross and operating profits by 36.77% and 20.65% correspondingly.
Meanwhile, the annual net profit increase was ascribed to the company’s change from a limited liability structure to a closed-joint company on 17 April, 2014.
