Theeb Rent a Car profit jumps 87% to SAR 78.3 mln in 9M 2021

09/11/2021 Argaam Exclusive

Theeb Rent a Car Co. reported a net profit after Zakat and tax of SAR 78.3 million for the first nine months of 2021, soaring 87% from SAR 41.9 million in the year-earlier period.



Financials (M)

Item 9m 2020 9m 2021 Change‬
Revenues 485.09 539.37 11.2 %
Gross Income 111.50 170.54 52.9 %
Operating Income 62.91 99.68 58.5 %
Net Income 41.87 78.28 87.0 %
Average Shares 43.00 43.00 -
EPS (Riyals) 0.97 1.82 87.0 %

The profit growth was driven by the continuous improvement in demand for short-term car rental services in 2021, as 2020 was adversely affected by COVID-19. The lease segment showed continued stable growth year-on-year due to higher contract renewals and new clients.



Current Quarter Comparison (M)

Compared With The
Item Q3 2020 Q3 2021 Change‬
Revenues 165.98 182.23 9.8 %
Gross Income 38.56 62.77 62.8 %
Operating Income 22.20 33.62 51.4 %
Net Income 13.99 27.35 95.6 %
Average Shares 43.00 43.00 -
EPS (Riyals) 0.33 0.64 95.6 %

The net profit after Zakat and tax jumped 96% YoY to SAR 27.4 million in Q3 2021, mainly due to higher revenue from short-term rentals.

 

On a sequential basis, Q3 net profit climbed 9.6% from SAR 24.96 million.

 

Shareholders’ equity, after minority interest, increased to SAR 537.87 million as of Sept. 30, 2021, from SAR 472.48 million a year earlier.

View more financial results

 

View other reports

Share Price

Theeb Rent a Car Co.
71.00
(1.10) (1.53 %)

Theeb Rent a Car Co. (THEEB)

More


Financial Ratios
Current
Market Cap (M Riyal) 3,053.00
Enterprise Value (EV) (M) 4,224.42
Shares Outstanding ((M)) 43.00
EPS ( Riyal) (TTM) 3.89
Book Value (BV) ( Riyal) 18.64
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 18.27
P/E (TTM) 18.27
Price/book 3.81
Return on Average Assets (%) (TTM) 7.5
Return on Average Equity (%) (TTM) 22.1
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request