By: Thabet Shehata
Riyadh – Mubasher: Saudi Arabia-listed transportation companies saw a 44.36% decline in net profits during the fourth quarter and a 22.84% decrease in the full-year 2017.
The sector’s net profit reached AED 80.38 million in Q4-18 versus AED 144.47 million in the year-ago period, Mubasher’s data showed.
In 2017, transportation firms recorded AED 844.12 million in net profits against AED 1.09 billion a year earlier.
United International Transportation Company’s (Budget Saudi) net profit reached SAR 149.51 million in 2017 versus SAR 170.13 million in the year before, according to a statement to the Saudi Stock Exchange (Tadawul).
Translate by: Muhammad Khalid