Riyadh – Mubasher: Theeb Rent a Car Company registered net profits after Zakat and tax of SAR 27.35 million in the third quarter (Q3) of 2021, a jump of 95.58% from SAR 13.98 million in Q3-20.
Revenues increased by 9.7% year-on-year (YoY) to SAR 182.22 million in Q3-21 from SAR 165.98 million, according to the initial financial results on Tuesday.
On a quarterly basis, the net profits in Q3-21 were 9.5% higher than SAR 24.95 million in Q2-21, and the revenues went up 1.1% from SAR 180.24 million.
During the first nine months of 2021, Theeb Rent a Car posted a YoY rise of 86.9% in net profits to SAR 78.28 million from SAR 41.87 million.
Earnings per share went up to SAR 1.82 at the end of September 2021 from SAR 0.97 in the same period last year.
Revenues grew by 11% YoY to SAR 539.37 million in January-September 2021 from SAR 485.09 million.
