Aldrees Petroleum and Transport Services Co. (ALDREES) announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,472.7 | 1,288.5 | 14.295 | 1,326.5 | 11.021 |
| Gross Profit (Loss) | 66 | 60.6 | 8.91 | 63.9 | 3.286 |
| Operational Profit (Loss) | 34.6 | 36.6 | -5.464 | 33 | 4.848 |
| Net Profit (Loss) after Zakat and Tax | 16.6 | 16 | 3.75 | 17.3 | -4.046 |
| Total Comprehensive Income | 16.6 | 16 | 3.75 | 17.3 | -4.046 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 4,099 | 3,864 | 6.081 |
| Gross Profit (Loss) | 197.5 | 192.7 | 2.49 |
| Operational Profit (Loss) | 104.2 | 113.2 | -7.95 |
| Net Profit (Loss) after Zakat and Tax | 63.7 | 53.2 | 19.736 |
| Total Comprehensive Income | 63.7 | 53.2 | 19.736 |
| Total Share Holders Equity (after Deducting Minority Equity) | 670.1 | 638.7 | 4.916 |
| Profit (Loss) per Share | 1.06 | 0.89 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to | The reason of increase in the current quarter compared with same quarter last year due to the increase of Petrol and Transport Divisions sales and the increase of other income; and the decrease of sales and marketing and financial expenses, although there is increase of General & Administrative and Zakat expenses. |
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | The reason of decrease in the current quarter compared with previous quarter due to the increase of General & Administrative, Financial and Zakat expenses, and the decrease of other income, and the decrease of Transport Division sales, although there is increase in sales of Petrol Division and decrease in expense of sales and marketing. |
| Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to | The reason of increase in the current period compared with previous period of last year due to the increase of Petrol and Transport Divisions sales, and other income increase and the decrease in sales and marketing and financial expenses , although there is increase in expense of General and Administrative and Zakat expenses. |
| Basis of the External Auditor's Opinion | Unmodified opinion |
| Reclassification of Comparison Items | Certain of the prior period amount 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 same period and equity and shareholders.
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.
Fuel prices were adjusted on 14/07/2019 |
Comments