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Aldrees Petroleum and Transport Services Co.(ALDREES) announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

4200
ALDREES
-0.98 %
1445/04/03     18/10/2023 09:16:00

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 3,883.23,256.219.253,580.68.45
Gross Profit (Loss) 175.8150.416.89168.94.08
Operational Profit (Loss) 106.688.919.91104.42.11
Net Profit (Loss) after Zakat and Tax 67.661.79.5670.2-3.7
Total Comprehensive Income 67.661.79.5670.2-3.7
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 10,882.49,023.920.59
Gross Profit (Loss) 508423.120.07
Operational Profit (Loss) 314.4256.122.76
Net Profit (Loss) after Zakat and Tax 208.317022.53
Total Comprehensive Income 208.317022.53
Total Share Holders Equity (after Deducting Minority Equity) 1,167.71,052.710.92
Profit (Loss) per Share 2.782.27
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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, and increase of the deposit income, increase of income of the joint project investment, and increase in the income of Sukuk investment. And the decrease of Marketing and Selling Expense, although there is an increase of General, Administrative Expenses, Financial and Zakat expenses, and a decrease in other income and there is no impact in the current quarter from the investment portfolio that was present in the same quarter of the previous year that was liquidated.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter 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 the decrease of the other income and increase in Selling and Marketing, General, Administrative and Financial Expenses and Zakat expense although there is an increase of Petrol and Transport Division sales and increase in the deposit income and increase of income of the joint project investment.
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 during the current period compared to the same period of the previous year is due to the increase of sales of Petrol and Transport Division, the increase in the deposit income, increase of income of the joint project investment, and increase in the income of Sukuk investment. And the decrease in selling and marketing expenses despite the increase in General and Administrative expenses, Financial and Zakat expenses, and a decrease in the profit of the joint venture and the decrease in the other income and there is no impact in the current quarter from the investment portfolio that was present in the same quarter of the previous year that was liquidated.
Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion The financial statements for the year ended 31 December 2022 were audited by our previous Auditing firm that expressed an unqualified opinion on those financial statements on 29 Jumada AlThani 1444H (corresponding to 22 January 2023). Also, the interim condensed financial statements of the Company for the period ended 30 Sep 2022 were reviewed by another auditor who expressed an unqualified conclusion on those interim condensed financial statements on 21-03-1444H (corresponding to 17 October 2022).
Reclassification of Comparison Items Certain comparative figures for the previous period have been reclassified in order to conform with the current period's classification.
Additional Information The adjustment to the operating income for the previous year for quarter and period results is due to the reclassification of other incomes to be included in the operating 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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Last Price 121.0
Net Change -1.2 (-0.98%)
Value Traded (Sar) 3,034,579.4
Volume Traded 25,060
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