Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company achieved net profits after Zakat and tax worth SAR 122.7 million during the first nine months of 2021, up by 50.3% from SAR 81.6 million in the same period last year.

Earnings per share stood at SAR 1.64 at the end of September this year, compared to SAR 1.09 in the same month in 2020, according to a bourse filing on Sunday.

Revenues soared by 86.6% to SAR 6.48 billion during the January-September 2021 period, compared to SAR 3.47 billion in the corresponding period in 2020.

During the third quarter (Q3) of 2021, Aldrees achieved net profits worth SAR 47.4 million, rising by 28.4% from SAR 36.9 million in Q3-20.

Revenues jumped by 96.6% to SAR 2.55 billion in Q3-21 from SAR 1.3 billion in Q3-20.

On a quarterly basis, the net profits in Q3-21 were 31.6% higher than SAR 36 million in Q2-21, and the revenues surged by 17.6% from SAR 2.17 billion.