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

05/05/2020 Argaam Exclusive
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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 -
Earnings Per Share before unusual items 0.17 0.30 78.5 %
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.

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Share Price

Aldrees Petroleum and Transport Services Co.
139.20
1.20 0.87 %

Aldrees Petroleum and Transport Services Co. (ALDREES)

1 Day 0.87 % 5 Days 1.02 % 3 Months 17.17 % 6 Months 7.91 % Year 5.41 % 2 Years 95.29 % 5 Years 331.86 % All 902.62 %
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:2011:3011:4011:5012:0012:2012:3012:4013:0013:1013:3013:4013:5014:0014:1014:2014:3014:4014:5015:10137137.5138138.5139139.5140140.5141141.5142
Close : 139.20 | Mar 27, 15:19
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Financial Ratios
Current
Market Cap (M Riyal) 13,920.00
Enterprise Value (EV) (M) 13,823.02
Shares Outstanding ((M)) 100.00
EPS ( Riyal) (TTM) 3.38
Book Value (BV) ( Riyal) 14.79
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 41.18
P/E (TTM) 41.18
Price/book 9.41
Return on Average Assets (%) (TTM) 4.2
Return on Average Equity (%) (TTM) 24.9
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