PHOTO
A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020. Ahmed Yosri
Aldrees Petroleum and Transport Services Company recorded net profits valued at SAR 244.50 million in the first nine months (9M) of 2024, up 17.37% from SAR 208.30 million in 9M-23.
The revenues stood at SAR 14.03 billion in the January-September 2024 period, higher by 29% year-on-year (YoY) than SAR 10.88 billion, according to the interim financial statements.
Earnings per share (EPS) increased to SAR 2.44 in 9M-24 from SAR 2.08 in 9M-23.
Financials for Q3-24
During the third quarter (Q3) of 2024, Aldrees posted 25.14% higher net profits at SAR 84.60 million, compared to SAR 67.60 million a year earlier.
The company registered a 30.81% YoY leap in revenue to SAR 5.07 billion during the three-month period that ended on 30 September 2024, compared to SAR 3.88 billion.
Quarterly, the Q3-24 net profits rose by 2.65% from the SAR 82.41 million generated in Q2-24, whereas the revenues climbed by 10.40% from SAR 4.60 billion.
All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).