The quarterly profits of the United International Transportation Company Budget Saudi Arabia increased by 40% to reach, after zakat and tax, 56.7 million riyals in the third quarter of 2021, compared to 40.4 million riyals, in the corresponding period of last year.
According to Arabiya Net, and on a quarterly basis, profits stabilized, with a growth of 0.9%, and during the first nine months of 2021, profits after zakat and tax increased by 55%, to 168 million riyals, compared to 108.4 million riyals, in the corresponding period of 2020.
Budget Saudi Arabia attributed the increase in net profit during the current quarter to the increase in net profits from sales of used cars in addition to the improvement in short-term rental income as a result of increased operational efficiency in rental operations. short term.
The reason for the increase in net profit during the current period compared to the same period of the previous year is due to the increase in profits from used car sales in addition to the improvement in short-term rental income as a result of Increasing operational efficiency, in addition to the gradual improvement in long-term rental income, which was affected by the weak economic activities associated with the Corona pandemic.
