Riyadh - Mubasher: Saudi Ground Services Co. reported net profits of SAR 193.2 million ($51.52 million) for the third quarter of 2016 compared with SAR 167.08 million ($44.55 million) for the same period of the preceding year, up by 15.63%.
The company said it profits increase in Q3-2016 was drove from the increase in the number of fights owing to the peak season.
The company also witnessed an increase in revenues due to the profit it generated from murabha deposit amounting to SAR 5.8 million.
As for the first nine months of 2016, the company saw net profits of SAR 585.11 million up 29.39% from the same period of the preceding year.
