Aldrees Petroleum and Transport Services Co. announces the interim financial results for the period ending on 30-06-2018 (Six Months)

18 July 2018 08:00 AM

ALDREES 4200 44.10% 166.00 50.80

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	18.2	18.3	-0.55	24.6	-26.02
Gross profit (loss)	51	48.3	5.59	58.2	-12.37
Operational profit (loss)	24.3	21.9	10.96	29.5	-17.63
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	42.8	32.8	30.49
Gross profit (loss)	109.2	90.8	20.26
Operational profit (loss)	53.8	39.4	36.55
Earning or loss per share, Riyals	0.86	0.66	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Reasons of decrease for the current quarter compared with same quarter last year due to the increase of cost general and administrative expenses, and financial expenses and other income decrease , although the Increase of sales in petrol division and transportation division and Decrease of sales expenses.
Reasons of increase (decrease) for period compared with same period last year	Reasons of increase for the current quarter compared with previous quarter due to the increase of Petrol Division Transport Division sales, although the Increase of cost and sales expenses and general and administrative expenses, and financial expenses and Other income decreases .
Reasons of increase (decrease) for quarter compared with previous quarter	Reasons of decrease for the current quarter compared with same quarter last year due to the increase of cost and financial expenses and Other income decreases ,although the Increase of sales in petrol division and transportation division and Decrease of sales expenses and general and administrative expenses.
Other notes	Total sales income during the current quarter SAR 1,290.3 Million compared to SAR 856.9 Million for the same quarter last year, an increase of 50.58% Total net comprehensive income during the current quarter SAR 18.2 Million compared to SAR 18.3 Million for the same quarter last year, a Decrease of 0.55% compared to SAR 24.6 Million for the previous quarter with Decrease of 26.02%.Total sales income during the current quarter SAR 2,575.5 Million compared to SAR 1,697.3 Million for the same quarter last year, an increase of 51.74%.Total net comprehensive income during the current quarter SAR 42.8 Million compared to SAR 32.8 Million for the same quarter last year, an Increase of 30.49%.Total shareholders' equity (no minority interest) as of 30 June 2018, is SR 647.1 Million compared to shareholders' equity (no minority interest) of SAR 625.2 million as of 30 June 2017, an increase of 3.50%.The External Auditor reviewed the financial statements and issued a conclusion examination report. The Company has adopted International Standards No. (9) and (15) starting January 1, 2018. High prices of selling fuel as of 01/01/2018 ((Petroleum))

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