Gross profit, for the third quarter ended 30th September, 2012, totaled SR105.6m compared to SR61.6m for the corresponding quarter for the year 2011, an increase of 71.4%.
Operating Profit, for the third quarter ended 30th September, 2012, totaled SR76.7m compared to operating profit of SR36.4m for the corresponding quarter for the year 2011, an increase of 111%.
Net profit, for the 9-months ended 30th September, 2012 totaled SR427.4m compared to SR174.5m for the corresponding period for the year 2011, an increase of 145%.
Earning per Share (EPS) from net profit, for the 9-months ended 30th September, 2012, totaled SR1.36 compared to SR0.55 for the corresponding period for the year 2011.
Gross profit, for the 9-months ended 30th September, 2012, totaled SR480m compared to SR256.5m for the corresponding period for the year 2011, an increase of 87.1%.
Operating profit, for the 9-months ended 30th September, 2012, totaled SR373.2m compared to SR176.6m for the corresponding period for the year 2011, a decrease of 111.3%.
The CEO of Bahri, Mr. Saleh Nasser Al-Jasser traced the increase in the net profit during the third quarter compared with the same corresponding quarter of the year 2011 to the improvement of profit of the General Cargo Sector, lower fuel consumption due to slow speed of ships, and Bahri Dry Bulk Company which started its operations this year with profit.
He traced the increase in the net profit during the 9-months period compared with the same corresponding period of the year 2011 to the increase in the average.
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Bahri announces interim consolidated financial results for 9-months ended 30th september, 2012
- Saudi Arabia: Saturday, October 20 - 2012 at 17:18
- PRESS RELEASE
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Bahri announced the Interim Consolidated Financial Results for the 9-months ended 30th September, 2012 as follows: Net profit, for the third quarter ended 30th September, 2012, totaled SR60.2m compared to SR23.4m for the corresponding quarter for the year 2011, an increase of 157.3%. Also, compared to SR207.1m for the previous quarter, a decrease of 71%.
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Posted by Ishraq Al TalSaturday, October 20 - 2012 at 17:18 UAE local time (GMT+4)
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