The United International Transportation Company (Budget Saudi Arabia) achieved a 24.7% increase in profits for the first quarter of 2022, to reach 60.2 million riyals, compared to 48.3 million riyals in the first quarter. 2021.
According to Arabiya Net, profits rose on a quarterly basis by 16.6%, compared to 51.7 million riyals in the previous quarter.
The value of the operating profits achieved by the company in the first quarter amounted to 64.1 million riyals, compared to 50.3 million riyals in the corresponding period of 2021, a growth of 27.6%.
Budget Saudi Arabia attributed the profit growth mainly to increased demand and improvement in short-term rental income as well as new orders and contract renewals in long-term rental cars during this quarter compared to the same quarter from last year.
