Aldrees Petroleum and Transport Services Co.(ALDREES) announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 1,759.7 1,457.8 20.709 1,496.7 17.571
Gross Profit (Loss) 101 84.7 19.244 106.5 -5.164
Operational Profit (Loss) 63.4 51.6 22.868 67 -5.373
Net Profit (Loss) after Zakat and Tax 39.4 30.3 30.033 39.5 -0.253
Total Comprehensive Income 39.4 30.3 30.033 29.4 34.013
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Total Share Holders Equity (after Deducting Minority Equity) 931.8 905.1 2.949
Profit (Loss) per Share 0.66 0.5
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason of increase of net profit for the current quarter compared with the same quarter last year is due to the increase of Petrol Division sales and and the increase in the joint venture profit and the decrease of Marketing and Zakat expenses , although there is decrease in Transport Division sales and a decrease in other income and an increase of General, Administrative and Financial expenses and unrealized losses from revaluation of investment at fair value through profit and loss account.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The reason of decrease of net profit for the current quarter compared with the previous quarter is due to the decrease of Transport Division sales , and the decrease in other income and the increase in Zakat expense and unrealized losses from revaluation of investment at fair value through profit and loss account although there is an increase in Petrol Division sales and an increase in the joint venture profit and a decrease in Marketing , General & Administrative and Financial expenses .
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items -
Additional Information The fuel sale price fluctuated on a monthly basis during the period.

 

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1442/09/08 Tue Apr 20, 2021 15:17:58