Riyadh – Mubasher: United International Transportation Company (Budget Saudi) has reported a 5% year-on-year profit increase in the first quarter of 2019, registering SAR 41.6 million.

Budget Saudi attributed the profit hike to the decline in both revenue and cost of finance, according to a bourse statement.

For the full-year 2018, Budget Saudi’s profits rose 13.7%, logging SAR 169.986 million from SAR 149.511 million in 2017.