Not in good shape
During Q3 2015, Al Tayyar recorded a sales decline of 4.4% to SAR1,822.6m compared to SAR1906.8m in the same quarter last year. The group posted a net income of SAR187.8m, down 29.1% compared to Q3 2015.The company closed the first nine months with a revenue drop of 6.8% yoy to SAR6,002.1m due to a sharp decline (-6.8%) in the airline tickets, travel and tourism reservations. However, the transportation Segment witnessed a progression of around 49% to reach SAR120.76m.
Seera Group Holding, formerly Al Tayyar Travel Group Holding Company SJSC, is a Saudi Arabia-based company engaged in the travel, tourism and transportation sector. The Company's services include reservation, ticketing for domestic, regional and international flights, follow-up and confirmation of reservation, ticketing for land, sea and train transportation facilities, hotel booking, furnished apartments and hotel rooms. In addition, the Company organizes tourism services, such as incentive trips, Hajj and Umrah programs, honey-moon trips, medical and educational programs, as well as conference and meeting services. The Company also provides land, sea and air transportations means to a range of Saudi Arabian urban and rural centers, along with land, marine and air cargo services, issuance of (Triptick) customs pass, international driving licenses, customs clearance for goods and commodities, as well as packing and insurance, among others.
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