United International Transportation Co. (Budget Saudi) reported a net profit after Zakat and tax of SAR 187.9 million for 2020, up 5%, compared to SAR 178.6 million in the previous year.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 1,043.49 | 964.86 | (7.5 %) |
| Gross Income | 297.36 | 300.57 | 1.1 % |
| Operating Income | 187.63 | 196.78 | 4.9 % |
| Net Income | 178.62 | 202.45 | 13.3 % |
| Average Shares | 71.17 | 71.17 | - |
| EPS (Riyals) | 2.51 | 2.84 | 13.3 % |
The company attributed the profit rise to higher sales, as more vehicles were sold with improved margin in the second half of the year, which in turn compensated for the reduction in lease and rental revenue loss due to COVID-19.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 273.97 | 272.87 | (0.4 %) |
| Gross Income | 74.93 | 108.41 | 44.7 % |
| Operating Income | 49.74 | 84.42 | 69.7 % |
| Net Income | 48.30 | 93.96 | 94.5 % |
| Average Shares | 71.17 | 71.17 | - |
| EPS (Riyals) | 0.68 | 1.32 | 94.5 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 227.65 | 272.87 | 19.9 % |
| Gross Income | 64.65 | 108.41 | 67.7 % |
| Operating Income | 41.04 | 84.42 | 105.7 % |
| Net Income | 40.45 | 93.96 | 132.3 % |
| Average Shares | 71.17 | 71.17 | - |
| EPS (Riyals) | 0.57 | 1.32 | 132.3 % |
Q4 2020 net profit after Zakat and tax rose 64% year-on-year (YoY) to SAR 79.4 million.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}