Theeb Q1 Net Profit SAR 34.5 Million

About this update from Theeb Rent A Car Company

THEEB RENT A CAR TADAWUL:4261:THEEB Q1 NET PROFIT SAR 34.497 MILLIONTHEEB Q1 SALES SAR 409.553 MILLIONTHEEB - Q1 INCREASE IN REVENUES FROM SHORT-TERM AND LONG-TERM RENTAL SEGMENTS BY 15%THEEB - Q1 SAW INCREASE IN USED CAR SALES SEGMENT REVENUES BY 48%THEEB - Q1 SAW MARGINAL DECREASE IN FLEET UTILIZATION RATES WITHIN THE RENTAL SEGMENTTHEEB - Q1 SAW INCREASE IN EXPECTED CREDIT LOSS PROVISIONTHEEB - Q1 SAW LOWER PROFITABILITY IN THE USED CAR SALES SEGMENT

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