The Clap
SISCO’s (2190) net profit jumped by 269.2% in Q3 2022.
The Deets
SISCO recorded a net profit of about SAR 14.4 million, a YoY increase compared to approximately SAR 3.9 million in Q3 2021.
Profits
The company attributed the profit increase to the improved performance of the water services and logistics sectors, the growth of the sales mix, the decrease in the cost of sales, and the increase in the income of the subsidiaries.
LogiPoint
SISCO announced that its subsidiary LogiPoint has obtained a loan facility of SAR 290 million to finance the expansion of its storage capacity.
SISCO
SISCO is one of the prominent companies in the Saudi industrial services sector.
The company invests capital on a large scale in ports and container terminals and develops several key projects in logistics and other related major projects.
