Close Menu
    Facebook X (Twitter) Instagram
    • Contact Us
    • Advertise With Us
    • Magazine Archive
    • Subscribe Newsletter
    Facebook X (Twitter) Instagram LinkedIn YouTube
    Construction Business News Middle East
    • News
    • Analysis
    • Expert Insight
    • Machinery
    • Suppliers
    • Interviews
    • Events
      • Awards
        • 2025
          • CIA 2025
          • LTA 2025
          • FM Awards 2025
          • LTA KSA 2025
          • Pillars of Real Estate Awards 2025
          • CIA KSA 2025
          • Sustainability Innovation Awards 2025
          • MEP Awards 2025
        • 2024
          • CIA 2024
          • LTA 2024
          • FM Awards 2024
          • Sustainability Innovation Awards 2024
          • MEP Awards 2024
          • Pillars of Real Estate Awards 2024
          • LTA KSA 2024
          • CIA KSA 2024
        • 2023
          • LTA 2023
          • CIA 2023
          • Sustainability Innovation Awards 2023
          • FM Awards 2023
          • MEP Awards 2023
          • CIA KSA 2023
          • LTA KSA 2023
        • 2022
          • Sustainability Innovation Awards 2022
          • LTA 2022
          • CIA 2022
          • MEP Awards 2022
          • FM Awards 2022
        • 2021
          • CIA 2021
          • MEP Awards 2021
          • LTA 2021
          • CIA 2021 KSA
          • FM Awards 2021
        • 2020
          • Construction & FM 2020
        • 2019
          • CIA 2019
          • LTA 2019
        • 2018
          • CIA 2018
          • LTA 2018
        • 2017
          • CIQ 2017
      • Forums
        • 2025
          • Logistics Forum 2025
          • Sustainability Innovation Forum 2025
          • Construction & Design Innovation Summit KSA
        • 2024
          • Logistics Forum 2024
          • Construction Innovation Summit Saudi 2024
          • Sustainability Innovation Forum 2024
        • 2023
          • Construction Innovation Forum 2023
          • LNME Connect
          • Sustainability Innovation Forum 2023
          • KSA Saudi Connect
          • Logistics Forum 2023
        • 2022
          • Innovation in FM Forum 2022
          • Logistics Forum 2022
        • 2019
          • CID Forum 2019
          • CIF 2019
        • 2018
          • CIF 2018
    • Powerlist
      • Construction Business News
        • MEP Powerlist
          • 2025
          • 2024
          • 2021
        • Power Hour
          • 2024
          • 2023
          • 2022
          • 2021
          • 2020
        • FM Power 30
          • 2024
          • 2023
          • 2022
          • 2021
        • Construction Business News
          • 2019
          • 2016
      • Logistics News ME
        • Editors Choice
          • Top Ports in the Middle East 
        • Power 40
          • 2023
        • Power 25
          • 2025
          • 2022
          • 2021
          • 2020
          • 2018
          • 2017
          • 2016
        • LAST-MILE HEAYWEIGHTS
    • Videos
      • Construction Business News ME
      • Logistics News ME
    • Logistics News ME
    • Contact Us
    • Advertise With Us
    • Magazine Archive
    • Subscribe Newsletter
    Construction Business News Middle East
    Home»Logistics News»Bahri’s net profit soars 134% in Q1 2020 despite COVID-19 challenges
    Logistics News

    Bahri’s net profit soars 134% in Q1 2020 despite COVID-19 challenges

    Kasun IllankoonBy Kasun IllankoonApril 26, 2020
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email
    bahri ceo
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link

    Bahri, a global leader in logistics and transportation, on Wednesday reported strong growth in net profit during the first quarter of 2020 despite challenges posed by the global COVID-19 pandemic. The increase in quarterly earnings was driven by a significant improvement in the performance of the company’s business units resulting from a rise in freight rates and strong demand for oil transportation.

    Bahri’s net profit after zakat and tax for the three months ended March 31, 2020, jumped by a huge 133.77 percent to SAR 419.22 million from SAR 179.33 million recorded in the same period in 2019. The growth also represents a quarter-to-quarter increase of 68.3 percent from SAR 249.08 million.

    Total revenue for the quarter under review rose to SAR 2.08 billion, up 22.06 percent from SAR 1.7 billion a year ago, and 7.36 percent from SAR 1.94 billion in the fourth quarter of 2019. Total shareholders’ equity stood at SAR 9.63 billion and profit per share at SAR 1.06.

    (Recommended Reading: Bahri donates SAR10mn to Ministry of Health to help combat COVID-19 in KSA)

    Commenting on the quarterly results, Abdullah Aldubaikhi, CEO, Bahri, said: “We are extremely pleased to report strong earnings for the first quarter as a result of a remarkable performance delivered by our business units. The results are a testimony to our constant desire and our unmatched capabilities to seize opportunities in the market as they emerge. Our extensive efforts to enhance operational efficiency and improve productivity have also paid off. Despite the COVID-19 pandemic causing unique challenges, we are continuing to operate as normal to support our customers.”

    The company’s gross profit stood at SAR 561.33 million, rising 31.71 percent from SAR 426.18 million in Q1 2019 while operating profit went up 34.1 percent from SAR 377.18 million in last year’s January-March period to SAR 505.79 million in the corresponding period this year.

    bahri COVID-19 financial results Logistics Saudi Arabia
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Al Tayer Motors Honored with Champions Award 2024 for Excellence in Sales and Service

    Al Tayer Motors Wins Prestigious Champions Award 2024 For The Seventh Time

    July 18, 2025
    Dubai South Expands with 215,278 Sq. Ft. Multiuser Facilities

    Dubai South Launches Advanced Multiuser Facilities In Logistics District

    July 17, 2025
    Pi7 image 19

    Turkish Airlines And Airlink Forge Codeshare Deal

    July 17, 2025
    Top Posts
    Al Tayer Motors Honored with Champions Award 2024 for Excellence in Sales and Service

    Al Tayer Motors Wins Prestigious Champions Award 2024 For The Seventh Time

    July 18, 2025
    The Dubai Metro Blue Line is a central component of the Dubai 2040 Urban Master Plan. Image source: Shutterstock

    Emirates NBD Leads AED 3.9B Syndicated Facility For Dubai Metro Blue Line

    July 18, 2025
    Starlight Park Crosses 50% Completion Ahead of Time

    Amwaj Development’s Project Starlight Park Hits 50% Construction Milestone Ahead Of Schedule

    July 18, 2025
    Armin Jalili Named CEO of Unique Properties

    Unique Properties Appoints Armin Jalili As New CEO Amid Global Expansion Plans

    July 18, 2025
    Stay In Touch
    • Twitter
    • Instagram
    • LinkedIn
    • YouTube

    Construction Business News is an original title by media production house BNC Publishing, covering the Middle East’s lucrative construction market.

    Facebook X (Twitter) Instagram YouTube LinkedIn
    Our Publications
    • Hotel & Catering News ME
    • Logistics News ME
    • Design Middle East
    • Entrepreneur ME
    Get in touch

    Building #10, Floor #2,
    Office 234, 235 & 236, Dubai Media City,
    Dubai, United Arab Emirates

     +971 4 420 0506

     sales@bncpublishing.net

    • Contact Us
    • Advertise With Us
    • Magazine Archive
    • Subscribe Newsletter
    Copyright © 2025 BNC Publishing. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.