Aldrees Q3 Profit Rises 25% to SAR 84.6 Million

Aldrees Petroleum and Transport Services Co. announced on Tuesday that it revealed an increase in net profit during the third quarter to 84.6 million riyals, compared to 67.6 million riyals in the same quarter last year by 25.1%, following the announcement today of the preliminary financial results for the period ending Sep. 30, 2024 (nine months).

Operating profit increased 20.4% to 128.4 million riyals in the third quarter, compared to 106.6 million riyals in the same quarter last year.

Total equity (after excluding non-controlling interests) increased 19% to 1.39 billion riyals in the 9-month period, compared to 1.16 billion riyals in the same period last year.

Earnings per share in the current period reached 2.44 riyals, compared to 2.08 riyals in the same period last year.