Aldrees Petroleum and Transport Services Co.(aldrees) announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 5,079.9 | 3,883.2 | 30.817 | 4,601.1 | 10.406 |
| Gross Profit (Loss) | 204.2 | 175.8 | 16.154 | 200.1 | 2.048 |
| Operational Profit (Loss) | 128.4 | 106.6 | 20.45 | 128.02 | 0.296 |
| Net profit (Loss) | 84.6 | 67.6 | 25.147 | 82.41 | 2.657 |
| Total Comprehensive Income | 82.6 | 67.6 | 22.189 | 83.57 | -1.16 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 14,038.9 | 10,882.4 | 29.005 |
| Gross Profit (Loss) | 593.7 | 508 | 16.87 |
| Operational Profit (Loss) | 376 | 314.4 | 19.592 |
| Net profit (Loss) | 244.5 | 208.3 | 17.378 |
| Total Comprehensive Income | 229.4 | 208.3 | 10.129 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,390.4 | 1,167.7 | 19.071 |
| Profit (Loss) per Share | 2.44 | 2.08 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The reason for the increase of sales for the current quarter compared with the same quarter last year is primarily due to the increase in the number of operating service stations and adjustment of transportation rates. |
| 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 Division sales, increase of deposit income, and Sukuk, and increase of income of the joint venture project investment, and the increase of the other income and decrease of Marketing expenses. Although there is an and increase of General, Administrative, Financing costs.
There is an increase of the total comprehensive income during the current quarter compared to the same quarter of the previous year, even though there was an increase of the remeasurement losses of employees' defined benefits obligations. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the increase of sales for the current quarter compared with the same quarter last year is primarily due to the increase in the number of operating service stations and adjustment of transportation rates. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one 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 and Transport Sales, increase of deposit income and the joint venture project investment and other income although there is a slight decrease in Sukuk’s gains, and increase of Marketing, Selling expenses increase in General, Administrative, Financing costs. .
The decrease in total comprehensive income during the current quarter compared to the previous quarter, due to the increase in the remeasurement losses of employees' defined benefit obligations |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The reason for the increase of sales for the current period compared with the same period last year is primarily due to the increase in the number of operating service stations and adjustment of transportation rates. |
| 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 for the increase of net profit for the current period compared with the same period last year is due to the increase of Petrol and Transport Division sales, increase of deposit income, and Sukuk, and increase of income of the joint venture project investment. Although there is a decrease in the other income and increase of Marketing and Selling and General, Administrative, Financing costs and Zakat expenses.
Total comprehensive income increased during the current period compared to the same period of the previous year, due to the remeasurement losses of employees' defined benefits obligations. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Nothing |
| Reclassification of Comparison Items | Certain comparative figures for the previous period have been reclassified in order to conform with the current period's classification. |
| Additional Information | The number of shares has been retrospectively adjusted for the prior period to reflect the effect of the bonus share issue, as the company’s capital was increased from 75 million shares to 100 million shares after the approval of the Extraordinary Assembly meeting held on May 05, 2024. |
