profits soared United International Transportation Company (Saudi Budget) quarterly 24.7% in the first quarter of 2022, to 60.2 million riyals, compared to 48.3 million riyals in the first quarter of 2021.
Profits increased 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 car rental during this quarter compared to the same quarter last year.
