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Saudi’s Al Tayyar Travel Posts 8.3% Q2 Net Profit Rise On Higher Sales

Saudi’s Al Tayyar Travel Posts 8.3% Q2 Net Profit Rise On Higher Sales

The firm made SAR364 million ($97.1 million) in the three months to June 30, according to a bourse filing.

Saudi Arabia’s Al Tayyar Travel Group posted an 8.3 per cent rise in second-quarter net profit on Thursday, citing higher sales for the improved earnings.

The firm made SAR364 million ($97.1 million) in the three months to June 30, compared with SAR336 million in the corresponding period of 2013, according to a bourse filing, with sales growing 18 per cent year-on-year.

The net profit figure exceeded Bakheet Investment Group’s forecast for the period of SAR326.6 million.

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