Aldrees Petroleum and Transport Services Full Year 2024 Earnings: Beats Expectations

Aldrees Petroleum and Transport Services (TADAWUL:4200) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س19.3b (up 30% from FY 2023).
• Net income: ر.س338.0m (up 20% from FY 2023).
• Profit margin: 1.8% (down from 1.9% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س3.38 (up from ر.س2.81 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Aldrees Petroleum and Transport Services Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Saudi Arabia.

Performance of the Saudi Specialty Retail industry.

The company's shares are up 6.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Aldrees Petroleum and Transport Services' balance sheet and an in-depth analysis of the company's financial position.

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