Financial Results : Mubarrad’s net profit up 17% to SAR 51.3 mln in FY15

Mubarrad’s net profit up 17% to SAR 51.3 mln in FY15

19/01/2016 Argaam Exclusive

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Saudi Transport and Investment Co. (Mubarrad), which specializes in the transport of frozen foodstuff and invests in real estate, reported a net profit of SAR 51.3 million for fiscal year 2015, marking a 16.6 percent increase year-on-year (YOY) compared to the same period of 2014 on higher operating income after consolidating financials with its affiliate, Arabian Security & Safety Services Co. (AMNCO).



 

The company posted a net profit of SAR 12.6 million during Q4-2015, compared to a loss of SAR 3.1 million in the same period in 2014 and attributed the period’s net profit to consolidating financials with the company’s affiliate, Amnco. However, profit dropped 30 percent when compared to Q3-2015 due to some impairment provisions.






Business Segments (Million)

Compared With The
Period Security guard sector Transport sector ATM feeding sector Insured money transfer sector Real Estate department Counting and postal sector


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Batic Investments and Logistics Co.
3.60
(0.03) (0.83 %)

Batic Investments and Logistics Co. (BATIC)

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