Riyadh – Mubasher: Saudi Arabia-based Batic Investments and Logistics Company posted a 7.3% year-on-year profit decline during the second quarter of 2019, recording SAR 1.8 million.

The decline in the company’s profit was attributed to the decline in the revenue of food and exchange businesses, according to a bourse statement released on Thursday.

Batic’s profit dropped 36.6% to SAR 3.73 million in the first six months of 2019, compared to SAR 5.89 million in the year-ago period.