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Open
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Close
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Budget Saudi Q3 profit increases o SAR 43 million

2018-11-08 14:27:15 GMT (Economies.com)
Budget Saudi Q3 profit increases o SAR 43 million
 

United International Transportation Company (Budget Saudi) on Thursday posted a 0.71% rise in net profit for the third quarter ended 30 September, 2018.

 

The transport company generated SAR 43.11 million net profit in the three-month period, compared with SAR 42.8 million in the same period a year ago, according to the company’s filing to Tadawul.

 

Q3 operating profit amounted to SAR 47.12 million, compared with SAR 47.44 million in Q3-17.

 

The profit rise as ascribed to an increase in income from selling used vehicles.

 

Meanwhile, financial results for the first nine months of 2018 showed SAR 123.53 million net profit, down 3.44% year-on-year from SAR 127.94 million.

 
 
 
  Symbol Last Change Chg.%
1.1341
0.0013
0.1139%
1.3023
0.0103
0.7961%
14.202
0.043
0.307%
56.172
-3.670
6.133%
66.10
-0.02
0.03%
1213.060
3.590
0.297%
 
 
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