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SAPTCO reports 242% surge in Q3 earnings

SAPTCO reports 242% surge in Q3 earnings
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SAPTCO
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0.95% 10.66 0.10

Riyadh-Mubasher: Saudi Public Transport Co. (SAPTCO) recorded net earnings of SAR 81.4 million in the third quarter ended 30 September, soaring 242.18% compared with SAR 23.7 million in the corresponding period a year ago.

Nine-month net income increased by 244.83% year-on-year from SAR 67.3 million to SAR 232.1 million.

The profit rise was boosted by high operating revenues, the company said.