Aldrees Petroleum and Transport Services Co.(ALDREES) announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,556.4 | 1,300.3 | 96.6 | 2,173.2 | 17.632 |
| Gross Profit (Loss) | 117.9 | 88.5 | 33.22 | 103.9 | 13.474 |
| Operational Profit (Loss) | 73.1 | 62.3 | 17.335 | 63.3 | 15.481 |
| Net Profit (Loss) after Zakat and Tax | 47.4 | 36.9 | 28.455 | 36 | 31.666 |
| Total Comprehensive Income | 47.4 | 36.9 | 28.455 | 36 | 31.666 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 6,489.2 | 3,477 | 86.632 |
| Gross Profit (Loss) | 322.7 | 219.2 | 47.217 |
| Operational Profit (Loss) | 199.7 | 121.3 | 64.633 |
| Net Profit (Loss) after Zakat and Tax | 122.7 | 81.6 | 50.367 |
| Total Comprehensive Income | 122.7 | 81.6 | 50.367 |
| Total Share Holders Equity (after Deducting Minority Equity) | 955.2 | 863.1 | 10.67 |
| Profit (Loss) per Share | 1.64 | 1.09 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The reason of increase of net profit for the current quarter compared with the same quarter last year is due to the increase of Petrol and Transport Divisions sales and the increase in the unrealized profit from revaluation of investment at fair value through profit and loss account
and increase in the other income, although there is decrease in the investment profit of the joint venture and the increase of Marketing, General, Administrative, and Financial expenses. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The reason of increase of net profit for the current quarter compared with the previous quarter is due to the increase of Petrol and Transport Divisions sales and the decrease in Financial expenses, although there is an increase in Marketing , General, Administrative Expense, and the decrease in other income; and the decrease in the investment profit of the joint venture; and the decrease in the unrealized profit from revaluation of investment at fair value through profit and loss. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reason of increase of net profit for the current period compared with the same period of last year is due to the increase of Transport and Petrol Divisions sales, and increase in the unrealized profit from revaluation of investment at fair value through profit and loss account, although there is the decrease in the investment profit of the joint venture and other income, and increase in the Marketing, General, Administrative, Financial and Zakat expenses. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain of the prior period amounts have been reclassified to conform with the presentation in the current period. |
| Additional Information | The fuel selling prices changed on monthly basis during the first and second quarters, and the selling prices were unchanged during the third quarter.
-The profit per share was adjusted in accordance with the increase of the Company Capital from 60 million shares to 75 million shares after the approval of the Extraordinary Assembly meeting held on April 14, 2021. |
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