Riyadh – Mubasher: Saudi Industrial Services Co. (SISCO) achieved a 16.63% increase in net profits of the second quarter of 2016 to SAR 29.4 million ($7.84 million), compared to SAR 25.2 million ($6.7 million) in Q2-15, according to a bourse filing.
The Q2 net profit increase is attributed to good performance of the ports development and operation sector, as well as addition of SAR 1 million from the subsidiaries’ profits to SISCO’s and decline of Zakat to SAR 1.4 million.
The company’s net profits rose 23.39% in the first half of 2016 to SAR 53.9 million from SAR 43.69 million in H1-15.
