Rentals and car sales lift Budget-Saudi income 6%

18 Jul 2011

(MENAFN) United International Transportation Company (Budget-Saudi) announced a six percent jump in its second quarter net income from USD6.05 million last year to USD6.39 million this year due to an increase in rentals and car sales, Arab News reported.

The company’s profit grew by three percent from USD6.15 million from the second quarter of last year to USD6.32 million this year.

For the first six months of the year, Budget-Saudi’s net income grew four percent compared to last year to USD12.51 million.

Earnings per share grew from USD0.66, from the first half of last year, to USD0.68 for the first half of the this year, which ended June 30th.

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