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SISCO logs 49% jump in Q1 earnings

SISCO logs 49% jump in Q1 earnings
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SISCO HOLDING
2190
55.77% 38.60 13.82

Riyadh-Mubasher: Saudi Industrial Service Co (SISCO) posted SAR 18.5 million in net earnings during the first three-month period of 2015, jumping 49.31% compared with SAR 12.4 million a year ago.

The earnings were up 0.03% from SAR 18.5 million in the previous quarter.

The year-on-year profit rise was boosted by an improvement in operating results and performance, especially storage, re-export and port development business, the company said.

It added that the quarter-on-quarter profit increase was due to continued improvement in the port and re-export sectors.