Budget Saudi 1Q2016: Recurring earnings surge 25%, boosted by gain on used vehicle sales, beats forecast
Recurring net income: SAR55.8 million, +25% Y-o-Y,+ 4% Q-o-Q, +14% versus EFGe Gross profit: SAR35 million, +5% Y-o-Y, -4% Q-o-Q, -10% versus EFGe Operating profit: SAR17.2 million, +3% Y-o-Y, +25% Q-o-Q, -11% versus EFGe Budg
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