Al-Tayyar reports 42% rise in quarterly net profit
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Al-Tayyar reports 42% rise in quarterly net profit

Al-Tayyar reports 42% rise in quarterly net profit

Saudi-based Al-Tayyar Travel Group Holding has reported a 42% surge in its net income during the first quarter of this year to SR217.9m, compared with SR152.9m during the same quarter of the previous year, Saudi Gazette has reported. The increase was due to growth of revenue by 15% and decrease in finance and bank charges, the group said. Gross profit saw a 25% increase to SR301.5m from SR241.8m during the same quarter of the previous year, it said.

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