Saudi Ground Services 2Q2016 earnings up 13% Y-o-Y on higher revenue
Saudi Ground Services (4031.SE) 2Q2016 earnings were up 13% Y-o-Y (+1% Q-o-Q) reaching cSAR197mn on higher revenue, which increased by SAR81.7mn, as well as higher interest, associate and other income. Meanwhile, gross profit grew 13% Y-o-Y to SAR253.3mn, while operating profit was up 13% Y-o-Y to SAR200.9mn. (Tadawul)
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