Saudi: Aldrees sees 29.5% higher net profits in Q1-25

Image for illustrative purposes. A trader monitors screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh June 15, 2015.
Reuters/Faisal Al Nasser

Revenues jumped by 33.75% to SAR 5.82 billion in Q1-25 from SAR 4.35 billion a year earlier, according to the financial results

Staff Writer, Mubasher

April 22, 2025

PHOTO
Image for illustrative purposes. A trader monitors screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh June 15, 2015.

Aldrees Petroleum and Transport Services Company achieved SAR 100.10 million in net profit during the first quarter (Q1) of 2025, an annual hike of 29.32% from SAR 77.40 million.

Revenues jumped by 33.75% to SAR 5.82 billion in Q1-25 from SAR 4.35 billion a year earlier, according to the financial results.

The earnings per share (EPS) hit SAR 1 as of 31 March 2025, up year-on-year (YoY) from SAR 0.77.

Quarterly, the Q1-25 net profits climbed by 6.94% from SAR 93.60 million in Q4-24, while the revenues soared by 11.02% from SAR 5.24 billion.

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