Riyadh-Mubasher: Saudi Transport and Investment (Mubarrad) achieved a 3567%growth in profits of the first quarter in 2016, the company said in an issued statement.
The company’s earnings reached SAR 14.78 million ($3.94 million) in Q1-16 as compared to nearly SAR 403,000 ($107,460) in Q1-15.
Operating revenues increased to SAR 98.8 million ($26.35 million) in the first quarter, while the consolidated operating profits stood at SAR 20.8 million ($5.55 million).
