U.S., Oct. 23 -- The global logistics and transportation giants, Bahri, has confirmed strong financial results for its third quarter ending 30 September, 2019.

Following solid growth in the logistics services sector, Bahri's net profits rose 80.5% to SAR 146.7mn ($39.1mn) from SAR 81.2mn ($21.6mn). Bahri's total revenue during the three months between July and September increased 6.2% to SAR 1.4bn ($373,264) from SAR 1.3bn ($346,602) reported during the same period last year.

"Bahri's superior performance with sustained revenue growth and profitability expansion illustrates the robustness of our long-term business strategy and signifies the strength of our market position," commented Abdullah Aldubaikhi, CEO of Bahri. "Resulting from so...