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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
26/08/2025
The Port of Salalah, operated and managed by Salalah Port Services Company (SPSC), recorded strong growth in container and cargo volumes during the first half of 2025.
The port's Container
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
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21/11/2025
Zain Bahrain has unveiled 360kW ultra-fast EV chargers at the company's headquarters in Seef, the fastest of its kind in the kingdom, the company said.
The chargers feature advanced liquid-c
Trade Arabia
21/11/2025
Space42, the UAE's leading AI-powered SpaceTech company with global reach, and EDGE Group, one of the world's leading advanced technology and defence groups, today announced the formation of a strate
Trade Arabia
21/11/2025
Baker Hughes, an energy technology company, has announced that it has secured a multi-year contract with China Petroleum Engineering & Construction Corporation (CPECC) for a major project of Saudi oi
Trade Arabia
21/11/2025
Riyad Capital, one of the kingdom's largest asset managers and a leading company in real estate investment, has announced the launch of a new residential development fund valued at SAR1.7 billion ($4
Trade Arabia
21/11/2025
Saudi-based Alkhorayef Water and Power Technologies Company has announced that it has secured a contract worth SAR221 million ($59 million) from the National Water Company for sanitary sewer networks
Trade Arabia
Financial Information Co.
Saudi Arabia