Aldrees Petroleum and Transport Services Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

18 October 2018 08:04 AM

ALDREES 4200 -2.04% 115.20 -2.40

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	1,288.5	826.9	55.822	1,290.3	-0.139
Total Profit (Loss)	49.2	46.5	5.806	51	-3.529
Profit (Loss) Operational	25.1	23.1	8.658	24.3	3.292
Net Profit (Loss) after Zakat and Tax	18.8	18.2	3.296	18.2	3.296
Total Comprehensive Income	18.8	18.2	3.296	18.2	3.296
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	3,864	2,524.1	53.084
Total Profit (Loss)	158.4	137.3	15.367
Profit (Loss) Operational	78.9	62.4	26.442
Net Profit (Loss) after Zakat and Tax	61.6	51.1	20.547
Total Comprehensive Income	61.6	51.1	20.547
Total Share Holders Equity (after deducting minority equity)	666	643.4	3.512
Profit (Loss) per Share	1.23	1.02
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	The reason of increase of net profit for the current quarter compares to same quarter last year due to sales increase of Petrol and Transport Divisions resulted in the decrease of marketing expense. Although the general and administrative expenses are high, likewise the financial expenses, and a decrease of other income.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	The reason of increase of net profit for the current quarter compares to the previous quarter due to sales increase of Transport Division resulted in the decrease of marketing expense, general and administrative expenses, and the increase of other income. While, the decrease in sales of Petrol Division resulted in the increase of financial expenses.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year	The reason of increase of net profit for the current period compares to same period last year due to sales increase of Petrol Division and Transport Divisions, however, there is an increase in marketing expense, general and administrative expenses, likewise the financial expenses, and a decrease of other income.
Type of the external auditor's opinion	Unmodified opinion
Additional Information	Increase in Fuel price as of 01/01/2018 G

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