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Aldrees Petroleum and Transport Services Co. announces its annual Financial results for the Period Ending on 2024-12-31 ( Twelve Months )

4200
ALDREES
-0.81 %
1446/07/21     21/01/2025 09:47:00

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 5,249.73,951.732.8465,079.93.342
Gross Profit (Loss) 217.5172.825.868204.26.513
Operational Profit (Loss) 137.4106.828.651128.47.009
Net profit (Loss) 93.672.529.10384.610.638
Total Comprehensive Income 89.168.230.64582.67.869
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 19,288.614,834.130.028
Gross Profit (Loss) 811.2680.919.136
Operational Profit (Loss) 513.3421.221.866
Net profit (Loss) 338280.820.37
Total Comprehensive Income 318.6276.615.184
Total Shareholders Equity (after Deducting Minority Equity) 1,479.51,235.919.71
Profit (Loss) per Share 3.382.81
All figures are in (Millions) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
Accumulated Losses --
All figures are in (Millions) Saudi Arabia, Riyals


Element ListExplanation
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 is primarily due to the increase in the number of operating stations and the improvement of transportation rates
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 increase of share of the joint venture project investment, and Sukuk, and decrease of Marketing and selling expenses. Although there is an increase of General, Administrative, Financial and Zakat expenses and decrease in other revenues.

There is an increase of the total comprehensive income during the current quarter compared to the same quarter of the previous year, even though there was an increase of 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 last year is primarily due to the increase in the number of operating stations and the improvement of transportation rates.
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 and Transport Divisions sales, increase in the share in the results of investment in the joint project and Sukuk . Although there is an increase of Selling and Marketing, General and Administrative expenses, financial and Zakat expenses, and the decrease in bank deposit revenues and other revenues.

There is an increase of the total comprehensive income during the current quarter compared to the previous quarter, even though there was an increase of the remeasurement losses of employees' defined benefits obligations.

The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The reason for the increase of sales for the current period compared with the same period last year is primarily due to the increase in the number of operating stations and the improvement of transportation rates.
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 with the same period 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 and the decrease of Marketing and Selling expenses. Although there is a decrease in the other income and increase of General, Administrative, Financial and Zakat expenses.

Total comprehensive income increased during the current period compared to the same period of the previous year, due to the remeasurement losses of employees' defined benefits 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) Nothing
Reclassification of Comparison Items Certain comparative figures for the previous year have been reclassified to conform with the current year’s classification. However, there is no material reclassification to report.
Additional Information The number of shares has been retrospectively adjusted for the prior period to reflect the effect of the issued bonus shares, as the company’s capital was increased from 75 Million shares to 100 Million shares after the approval of the Extraordinary Assembly meeting held on May 05, 2024.

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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Key Parameters
Last Price 147.4
Net Change -1.2 (-0.81%)
Value Traded (Sar) 28,544,967.4
Volume Traded 194,063
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