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Aldrees Petroleum and Transport Services Co. announces the interim financial results for the period ending on 31-03-2018 (Three Months)

ALDREES 4200 48.61% 171.20 56.00
Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) 24.6 14.6 68.49 13.6 80.88
Gross profit (loss) 58.2 42.5 36.94 45.6 27.63
Operational profit (loss) 29.5 17.5 68.57 18.8 56.91
Earning or loss per share, Riyals 0.49 0.29 - - -
All figures are in (Millions) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year Reasons of increase for the current quarter compared with same quarter last year due to the increase of Transport Division sales and its performance is improving , the increase of other incomes despite of increases of marketing , general and administrative expenses, and financial expenses .
Reasons of increase (decrease) for quarter compared with previous quarter Reasons of increase for the current quarter compared with previous quarter due to the increase of Transport Division sales its performance is improving and increase of other incomes , decrease in financial and Zakat expenses, despite of decrease in the profits of the joint venture and an increase in marketing , general and administrative expenses
Other notes Total net comprehensive income during the current quarter SAR 24.6 Million compared to SAR 14.6 Million for the same quarter last year, an increase of 68.49% compared to SAR 12.4 Million for the previous quarter with an increase of 98.39%. Sales during the current period amounted to SAR 1,285.2 Million riyals compared to SAR 840.4 Million riyals for the same period of the previous year, an increase of 52.9%.Total shareholders' equity (no minority interest) as of March 31, 2018, is SR 628.9 Million compared to shareholders' equity (no minority interest) of SAR 606.9 million as of March 31, 2017, an increase of 3.63%. The company has applied International Standards No (9) , (15) effective Jan 01,2018, and the increase of fuel prices effective Jan 01,2018 (Petrol)

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