Aldrees Petroleum and Transport Services Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 2,173.2 719.3 202.127 1,759.7 23.498
Gross Profit (Loss) 103.9 46 125.869 101 2.871
Operational Profit (Loss) 63.3 7.4 755.405 63.4 -0.157
Net Profit (Loss) after Zakat and Tax 36 14.4 150 39.4 -8.629
Total Comprehensive Income 36 14.4 150 39.4 -8.629
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Sales/Revenue 3,932.9 2,177.1 80.648
Gross Profit (Loss) 204.9 130.7 56.771
Operational Profit (Loss) 126.7 59 114.745
Net Profit (Loss) after Zakat and Tax 75.3 44.7 68.456
Total Comprehensive Income 75.3 44.7 68.456
Total Share Holders Equity (after Deducting Minority Equity) 907.8 826.2 9.876
Profit (Loss) per Share 1 0.6
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 and Transport Divisions sales and the increase in the unrealized profit from revaluation of investment at fair value through profit and loss account although there is decrease in the investment profit of the joint venture and the increase of Marketing, General, Administrative, Financial and Zakat expenses and decrease in other income.
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 increase of Marketing, General, Administrative and Financial expenses and a decrease in other income, and the decrease in the investment profit of the joint venture, although there is an increase in Petrol and Transport Division sales and an increase in unrealized profit from revaluation of investment at fair value through profit and loss and the decrease in Zakat expense.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason of increase of net profit for the current period compared with the same period of last year is due to the increase of Transport and Petrol Divisions sales, and increase in the joint venture profit and the increase in unrealized profit from revaluation of investment at fair value through profit and loss account, although there is the increase in Marketing, General, Administrative, Financial and Zakat expenses and decrease in other income.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Certain of the prior period amounts have been reclassified to conform with the presentation in the current period.
Additional Information - The fuel sale price fluctuated on monthly basis during the period.

 

-The profit per share was adjusted in accordance with the increase of the Company Capital from 60 million shares to 75 million shares after the approval of the Extraordinary Assembly meeting held on April 14, 2021.

 

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

JULY 14, 2021