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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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22/12/2025
Visa and Aldar have announced a strategic collaboration that marks the first live implementation of Visa Intelligent Commerce in the region, introducing end-to-end, voice-enabled agentic payment expe
Khaleej Times
22/12/2025
The National Bank of Bahrain (NBB) has signed a strategic agreement with Procural, a Bahrain-based digital procurement and tendering platform.
The collaboration supports NBB's ongoing digita
Trade Arabia
22/12/2025
Bahrain Ship Repairing & Engineering Company (BASREC) has signed a strategic agreement with Lumofy, an AI-powered talent development and competency management platform, as part of its commitment to a
Trade Arabia
22/12/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has announced that its Board of Directors has approved the appointment of Dr Shamsheer Vayalil as Chief Executive Off
Trade Arabia
22/12/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has swiftly contained an industrial fire that broke out at a power rectiformer in the morning of December 19, a company st
Trade Arabia
Financial Information Co.
Saudi Arabia