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Salalah Port Q3 profit soars 70%; 9M up

Salalah Port Q3 profit soars 70%; 9M up
Salalah Port Services
SPSI
-10.00% 0.31 -0.03
In its statement to the Muscat Securities Market (MSM), Salalah Port Services announced its unaudited financial statements for the third quarter of 2014, during which it achieved a net profit of OMR 1.224 million against OMR 719,000 during the same period in 2013, registering a significant surge in profit by around 70%.

Total Company revenue during Q3-14 stood at OMR 13.163 million compared to OMR 13.204 million during Q3-13.

Meanwhile, the Company reported a net profit of OMR 4.490 million during first nine months of 2014 compared to OMR 4783 million during the same period in 2013, registering a profit of growth by around 6.1%.

Moreover, the Company’s total revenue as at September 30, 2014 stood at OMR 40.698 million against OMR 42.576 million during the same period in 2013.