Aldrees Petroleum and Transport Services Co(ALDREES). announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

21 July 2022 09:07 AM

ALDREES 4200 -12.64% 109.20 -15.80

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,987.6	2,173.2	37.47	2,780.1	7.46
Gross Profit (Loss)	136.5	103.9	31.38	136.2	0.22
Operational Profit (Loss)	83.4	63.6	31.13	84.2	-0.95
Net Profit (Loss) after Zakat and Tax	45.9	36	27.5	62.4	-26.44
Total Comprehensive Income	45.9	36	27.5	62.4	-26.44
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	5,767.7	3,932.9	46.65
Gross Profit (Loss)	272.6	204.9	33.04
Operational Profit (Loss)	167.6	127.4	31.55
Net Profit (Loss) after Zakat and Tax	108.3	75.3	43.82
Total Comprehensive Income	108.3	75.3	43.82
Total Share Holders Equity (after Deducting Minority Equity)	991	907.8	9.16
Profit (Loss) per Share	1.44	1
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 for the 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, although there is decrease in other income and losses the investment at fair value through profit and loss, and the decrease in the joint venture profit, and increasing marketing expenses, general and administrative expenses, financial expenses and Zakat 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 for the decrease of net profit for the current quarter compared with the previous quarter is due to an increase in marketing expenses, general and administrative expenses, and financial expenses, a decrease in transport division sales, a decrease in other income in losses the investment at fair value through profit and loss, and an increase in sales of the Petrol Division and the increase in investment profits in the joint venture.
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 for the increase of net profit for the current period compared to the same period of the previous year is due to the increase in sales in Petrol and Transport Division, and the increase in profits the investment at fair value through profit and loss, although there is decrease in other income and decrease investment profits in the joint venture and an increase in Marketing expenses, general and administrative expenses, financial expenses and Zakat expenses.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Some comparative figures for the previous year have been reclassified in line with the current year's classification.
Additional Information	Adjustment of profit from operations of the previous year resulted from reclassification of other income to operation profit. Diesel price has been adjusted.

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