Al Tayyar Travel posts 8.8pc increase in Q2 net profit
ATP- Arab tourism portal- Saudi Arabia s Al Tayyar Travel Group posted an 8.8 percent rise in second-quarter net profit on Wednesday as sales grew.
The company made a net profit of SR396 million ($105.6 million) in the three months to June 30, up from SR364 million in the prior-year period
Al Tayyar said quarterly sales rose 21 percent year-on-year as it increased the number of its branches inside Saudi Arabia.
Saudi Fransi Capital had forecast the firm would make a net profit of SR404 million for the quarter.