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Aldrees Petroleum and Transport Services Co. (ALDREES) announces its interim Financial results for the period ending on 31-03-2024 (Three Months).
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 4,357.8 | 3,418.6 | 27.473 | 3,951.7 | 10.276 |
| Gross Profit (Loss) | 189.5 | 163.3 | 16.044 | 172.8 | 9.664 |
| Operational Profit (Loss) | 119.6 | 103.4 | 15.667 | 106.8 | 11.985 |
| Net profit (Loss) | 77.4 | 70.5 | 9.787 | 72.5 | 6.758 |
| Total Comprehensive Income | 63.2 | 70.5 | -10.354 | 68.2 | -7.331 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 1,299.2 | 1,179.9 | 10.111 |
| Profit (Loss) per Share | 1.03 | 0.94 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Percentage of the capital (%) | Amount | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The reason for the increase of sales for the current quarter compared with the same quarter last year due to the increase in operating stations and transport trucks. |
| 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 Division sales, increase of deposit income, and Sukuk, and increase of income of the joint venture project investment. Although there is a decrease in the other income and increase of Marketing and Selling and General, Administrative, Financing costs and Zakat expenses. Total comprehensive income decreased during the current quarter compared to the same quarter of the previous year, due to the remeasurement losses of employees' defined benefits obligations. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the increase of sales for the current quarter compared with the previous quarter is due to the increase in operating stations, although there is a slight reduction in operating trucks. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for the increase of net profit for the current quarter compared with the previous quarter is due to the increase of Petrol Sales, increase of deposit income and Sukuk, and increase of income of the joint venture project investment and the decrease of Marketing, Selling expenses although there is a decrease of Transport sales and increase in General, Administrative, Financing costs and Zakat expenses and the decrease in other income. The decrease in total comprehensive income during the current quarter compared to the previous quarter, due to the increase in the remeasurement losses of employees' defined benefit obligations |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Other Matters The interim financial statements of the Company for the period ending 31 March 2023 were reviewed by another auditor who expressed an unmodified conclusion on those interim condensed financial statements on 13 Shawwal 1444H (corresponding to 3 May 2023). |
| Reclassification of Comparison Items | Certain comparative figures for the previous quarter have been reclassified in order to conform with the current quarter’s classification. However, there is no material reclassification to report. |
| Additional Information | Adjustment of income for operations for the same quarter for the previous year due to the re-classification of other income into income before Zakat. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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