Financial Results : Aldrees Q1 2020 net profit rises 1.3% to SAR 30.3 mln

Aldrees Q1 2020 net profit rises 1.3% to SAR 30.3 mln

05/05/2020 Argaam Exclusive

View other reports

Aldrees Petroleum & Transport Services Co. (Aldrees) reported a net profit after Zakat and tax of SAR 30.3 million for the first quarter of 2020, up 1.3% year-on-year (YoY), compared to SAR 29.9 million from the same year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 1,299.80 1,457.81 12.2 %
Gross Income 67.64 84.72 25.3 %
Operating Income 36.65 51.65 40.9 %
Net Income 29.89 30.29 1.3 %
Average Shares 100.00 100.00 -
EPS (Riyals) 0.30 0.30 1.3 %

This was driven by an increase in higher sales from the petrol division, profit from joint ventures, and lower marketing and Zakat expenses.

 

The profit increase came despite a decrease in sales from transport division, lower other income, higher general, administrative and financial expenses, and unrealized losses from revaluation of investment.

 

When compared to the previous quarter, Q1 net profit slumped 86.7% due to lower sales from the transport and petrol division, and on the back of COVID-19 precautionary measures.

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.