Aldrees Petroleum and Transport Services Company (ALDREES) announces its Financial results for the period ending on 2021-12-31 (Twelve Months)
| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 2,620.4 | 1,496.7 | 75.078 | 2,556.4 | 2.503 |
| Gross Profit (Loss) | 128.7 | 106.5 | 20.845 | 117.9 | 9.16 |
| Operational Profit (Loss) | 83.6 | 67 | 24.776 | 73.1 | 14.363 |
| Net Profit (Loss) after Zakat and Tax | 54.1 | 39.5 | 36.962 | 47.4 | 14.135 |
| Total Comprehensive Income | 39.9 | 29.4 | 35.714 | 47.4 | -15.822 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
|---|---|---|---|
| Sales/Revenue | 9,109.6 | 4,974.1 | 83.14 |
| Gross Profit (Loss) | 451.4 | 325.7 | 38.593 |
| Operational Profit (Loss) | 283.4 | 188.3 | 50.504 |
| Net Profit (Loss) after Zakat and Tax | 176.8 | 121.1 | 45.995 |
| Total Comprehensive Income | 162.7 | 111 | 46.576 |
| Total Share Holders Equity (after Deducting Minority Equity) | 995.1 | 892.5 | 11.495 |
| Profit (Loss) per Share | 2.36 | 1.61 | |
| 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, despite the increase in unrealized losses from evaluating the investment at fair value, a decrease in investment profit from the joint venture, a decrease in other income, and increase of marketing, general, administrative, financial, and Zakat expenses.
The increase in total comprehensive income during the current quarter compared to the same quarter last year, despite the increase in re-measurement losses for defined employee benefits obligations. |
| 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 increase of net profit for the current quarter compared with the previous quarter is due to the increase of Petrol and Transport Divisions sales, despite the increase in unrealized losses from evaluating the investment at fair value, a decrease in investment profit from the joint venture, a decrease in other income, and increase of marketing, general, administrative, financial, and Zakat expenses.
Decrease in total comprehensive income during the current quarter compared to the previous quarter of the year due to an increase in re-measurement losses of employee defined benefit obligations. |
| 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 during the current period compared to the same period of the previous year is due to the increase in sales in the Petrol and Transport Divisions and an increase in unrealized profits from re-evaluating the investment at fair value through profit or loss, despite the decrease in investment profits in the joint venture, a decrease in other revenues and an increase in marketing, general and administrative, financial and Zakat expenses.
The increase in total comprehensive income during the current period compared to the same period of the previous year, despite the increase in re-measurement losses for defined employee benefits obligations. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Some comparative figures for the previous year have been reclassified in line with the current year's classification. |
| Additional Information | The petrol selling price changed monthly during the first and second quarters, and it was stable in the third and fourth quarters. The diesel selling price changed on the last day of the year.
Earnings per share have been adjusted in line with the increase of the company’s capital from 60 million to 75 million shares after the approval of the Extraordinary General Assembly on April 14, 2021. |
