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08/10/2017 21:14 AST
Salalah Port Services Company's (SPSC) net profit for the nine months period ended September 30, 2017 fell by 30 per cent to RO2.76mn from RO3.94mn in the same period of the previous year.
The company's revenue increased by 1.9 per cent to RO42.12mn during the first nine months of 2017 against the same period of last year, according to its initial financial results announced to the Muscat Securities Market on Sunday.
The volumes handled at the port's container terminal rose by 11.7 per cent in 2017 to 2.79mn twenty feet equivalent (TEUs) from 2.5mn TEUs in the first nine months of 2016. General cargo volumes increased 5.4 per cent to 10.27mn tons from 9.74mn tons in the previous year.
Total expenses of SPSC rose 5.3 per cent to RO39.35mn during the first nine months of 2017 from RO37.37 in 2016.
Muscat Daily
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
16/08/2015
MUSCAT: Aug : Three new container berths, new government berths, dedicated cruise terminal, expanded breakwater arms, and a new approach channel are part of an ambitious package of works envisaged fo
Oman Daily Observer
20/03/2014
The Board of Directors have resolved to appoint Mr. Ali Mohamed Redha Al Haj Jafar as Deputy Chairman of the Board in place of Mr. Peder Sondergaard with effect from 20th March 2014.
Press Release
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25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
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