Riyadh – Mubasher: Saudi Public Transport Co.’s (Saptco) net profits rose 10.93% year-on-year to SAR 14.2 million ($3.8 million) in the second quarter of 2016 from SAR 12.8 million ($3.4 million).

The increase in the net profits is attributed to higher operating revenues, according to a bourse filing on Tuesday.

The Saudi-listed company’s net profits dropped 74.37% to SAR 38.64 million in the first six months of 2016 from SAR 15.75 million in the year-ago period.