Mubasher TV
Contact Us Advertising   العربية

Aldrees Petroleum and Transport Services Co (ALDREES). announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

ALDREES 4200 -2.04% 115.20 -2.40
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 1,299.8 1,285.2 1.136 1,315.4 -1.185
Total Profit (Loss) 67.6 69.1 -2.17 64.6 4.643
Profit (Loss) Operational 36.7 40.4 -9.158 37.1 -1.078
Net Profit (Loss) after Zakat and Tax 29.9 22.1 35.294 19.5 53.333
Total Comprehensive Income 29.9 22.1 35.294 19.5 53.333
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) 636.3 607.6 4.723
Profit (Loss) per Share 0.5 0.37
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 for the current quarter compared with same quarter last year due to the increase of Transport Division sales and the increase of other incomes; and the decrease of expense in sales , marketing and financial although there is increase of General and Administrative and Zakat expenses .
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The reason of increase in the current quarter compared with previous quarter due to the increase of Transport Divisions sales, and other income increase and the decrease of financial expenses , although there is decrease in sales of Petrol Division and other income; and the joint venture profit of Bertschi and increase in expense of sales , marketing , general and Administrative and Zakat expenses.
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result Certain of the prior period amounts have been reclassified to conform with the presentation in the current period .
Additional Information Due to the implementation of the requirements of International Financial Reporting Standard (Art. 16/Renting contracts), resulting in the adjustment of gross and net profits and operation income for the same quarter and the previous quarter

The Share Profit was adjusted in accordance with the increase of the Company Capital from 50 million shares to 60 million shares after the approval of the Extraordinary Assembly meeting held on March 18, 2019.

Comments