Aldrees Petroleum and Transport Services Co (aldrees). announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

1443/09/16   17/04/2022 08:03:06

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 2,780.1 1,759.7 57.987 2,620.4 6.094
Gross Profit (Loss) 136.2 101 34.851 128.7 5.827
Operational Profit (Loss) 84.2 63.8 31.974 83.6 0.717
Net Profit (Loss) after Zakat and Tax 62.4 39.4 58.375 54.1 15.341
Total Comprehensive Income 62.4 39.4 58.375 39.9 56.39
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) 945.1 931.8 1.427
Profit (Loss) per Share 0.83 0.52
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 for the 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 of unrealized profit from revaluation of investment at fair value through profit and loss account, although there is increase in Marketing , General & Administrative & Financial and Zakat expenses, and the decrease in the joint venture profit and 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 for the increase of net profit for the current quarter compared with the previous quarter is due to the increase of Petrol Division sales, and the increase in other income and unrealized profit from revaluation of investment at fair value through profit and loss account and a decrease in Marketing and Zakat expenses. Although there is a decrease in Transport Division sales, and the decrease in the joint venture profit and the increase in General & Administrative and Financial expenses .
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 Adjustment of profit from operations of the previous year resulted from reclassification of other income to operation profit.

 

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.

 

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