{"id":82852,"date":"2024-01-29T00:00:00","date_gmt":"2024-01-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/"},"modified":"2024-01-29T00:00:00","modified_gmt":"2024-01-29T00:00:00","slug":"aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/","title":{"rendered":"Aldrees Petroleum top and bottom line are up as it reports FY2023 results"},"content":{"rendered":"

Fuel retailer <\/strong>Aldrees Petroleum and Transport Services Company<\/a><\/strong>reported a c. 1% y-o-y <\/strong>rise in net income<\/strong> in 4Q 2023 to SAR 72.5 mn, it said in a disclosure to Tadawul<\/a> yesterday. Its revenue grew 18.6% y-o-y to c. SAR 4 bn in the quarter, up from SAR 3.3 bn in the corresponding quarter a year earlier. <\/p>\n

On a full-year basis: <\/strong>Aldrees\u2019s bottom line was up 16.1% y-o-y to c. SAR 281 mn last year on a 20.1% rise in revenues to SAR 14.8 bn.<\/p>\n

Driving growth: <\/strong>Aldrees attributed the growth in net income in 4Q 2023 to higher sales by its petrol and transport division and a rise in deposit income and other income sources, including sukuk investment, joint venture project investment and commission from investment at amortized cost. Higher revenues during the quarter came on the back its growing network of filling stations as well as more business for its transport division's logistics unit. <\/p>\n","protected":false},"excerpt":{"rendered":"

Revenue growth driven by expanding network of filling stations, rising business at transport division\u2019s logistics unit<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[699,285,2425,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82852","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-aldrees-petroleum-and-transport-services-company","tag-earnings-watch","tag-energy","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"db82d74d-0137-4994-92d4-913e3add6591","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Aldrees Petroleum reports FY2023 results","related_issue":[82842],"teaser":"Revenue growth driven by expanding network of filling stations, rising business at transport division\u2019s logistics unit","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.50d59e0a-b293-4975-878c-8857643adc40.mp3"},"yoast_head":"\nAldrees Petroleum top and bottom line are up as it reports FY2023 results - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aldrees Petroleum top and bottom line are up as it reports FY2023 results\" \/>\n<meta property=\"og:description\" content=\"Revenue growth driven by expanding network of filling stations, rising business at transport division\u2019s logistics unit\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-29T00:00:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Aldrees Petroleum top and bottom line are up as it reports FY2023 results\",\"datePublished\":\"2024-01-29T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/\"},\"wordCount\":160,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"keywords\":[\"Aldrees Petroleum and Transport Services Company\",\"EARNINGS WATCH\",\"ENERGY\",\"EnterpriseAM KSA\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/\",\"name\":\"Aldrees Petroleum top and bottom line are up as it reports FY2023 results - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"datePublished\":\"2024-01-29T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aldrees Petroleum top and bottom line are up as it reports FY2023 results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Aldrees Petroleum top and bottom line are up as it reports FY2023 results - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/","og_locale":"en_US","og_type":"article","og_title":"Aldrees Petroleum top and bottom line are up as it reports FY2023 results","og_description":"Revenue growth driven by expanding network of filling stations, rising business at transport division\u2019s logistics unit","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/","og_site_name":"KSA","article_published_time":"2024-01-29T00:00:00+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Aldrees Petroleum top and bottom line are up as it reports FY2023 results","datePublished":"2024-01-29T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/"},"wordCount":160,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"keywords":["Aldrees Petroleum and Transport Services Company","EARNINGS WATCH","ENERGY","EnterpriseAM KSA"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/","name":"Aldrees Petroleum top and bottom line are up as it reports FY2023 results - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"datePublished":"2024-01-29T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/29\/aldrees-petroleum-top-and-bottom-line-are-up-as-it-reports-fy2023-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Aldrees Petroleum top and bottom line are up as it reports FY2023 results"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/82852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=82852"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/82852\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/82842"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=82852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=82852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=82852"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=82852"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=82852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}