Riyadh - Mubasher: The financial statements of Batic Investments and Logistics Company showed a decline in net profits by 39.41% in the first quarter of 2017, according to a bourse filing.

The company said in a statement to the Saudi Stock Exchange (Tadawul) on Tuesday that net profits amounted to SAR 9.3 million in Q1-17 compared to SAR 15.3 million in the same period last year.

The main reason behind the decrease in profits is the realized losses in securities investments that amounted to SAR 1.965 million, as per the company’s bourse filing.