Bahri's Net Profit rises 54% during the March ended quarter 2016

  • 06-May-2016
  • Bahri's Net Profit rises 54% during the March ended quarter 2016

RIYADH: Bahri’s net profit registered an increase of 53 % for the quarter ended 31st March 2016 at SAR 611.99 Millions as against SAR 398.41 Million registered in its previous corresponding period.

The management attributed the increase in operating revenues as a result of buying and receiving several VLCCs.

Further an increase in average Time Charter Equivalent (TCE) rate in crude oil transportation spot market during the current quarter also aided this growth momentum. An increase in the operating revenues and net income of General Cargo Transportation sector was due to the improvement of operating and commercial performance, besides decrease in average ship running expenses and decrease in average bunker prices.

Source: - Dailyshippingtimes.com

Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Copyright © 2009 - 2024 www.seair.co.in. All Rights Reserved.