First-quarter earnings for Bahri (National Shipping Company of Saudi Arabia) gained by almost 21% thanks to better performance with a larger fleet.
The Abdullah Aldubaikhi-led company reported profit of SAR 185m ($49.3m) on SAR 1.5m in revenue versus a $154m profit on SAR 1.39m in revenue during the same period last year.
Gross profit for the quarter grew 28% to SAR 305m.
