Riyadh – Mubasher: Theeb Rent a Car Company’s net profits after Zakat and tax surged by 98.78% year-on-year (YoY) to SAR 125.72 million in 2021 from SAR 63.24 million.

The company generated revenues worth SAR 752.37 million last year, up 13.99% from SAR 659.99 million in 2020, according to a recent bourse disclosure.

The earnings per share (EPS) stood at SAR 2.92 in 2021, versus SAR 1.47 in the prior year.

It is worth noting that in the third quarter (Q3) of 2021, the company posted net profits of SAR 27.35 million, a leap of 95.58% from SAR 13.98 million in Q3-20.