Saudi Ground Services (4031.SE) 3Q2016 earnings were up 16% Y-o-Y (-2% Q-o-Q), reaching cSAR193.2mn on increased number of flights, which resulted in a 12% Y-o-Y increase in revenue for the quarter. Results were also affected positively by higher interest income (generated SAR5.8mn from Murabha deposits). Meanwhile, gross profit grew 14% Y-o-Y to SAR250.9mn, while operating profit was up 15% Y-o-Y to SAR197.6mn. (Tadawul)
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