{"id":93629,"date":"2025-01-22T00:00:00","date_gmt":"2025-01-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/22\/aldrees-net-income-was-up-29-1-y-o-y-4q-2024\/"},"modified":"2025-01-22T00:00:00","modified_gmt":"2025-01-22T00:00:00","slug":"aldrees-net-income-was-up-29-1-y-o-y-4q-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/22\/aldrees-net-income-was-up-29-1-y-o-y-4q-2024\/","title":{"rendered":"Aldrees\u2019 net income was up 29.1% y-o-y 4Q 2024"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Tadawul-listed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aldrees.com\/\" style=\"\" rel=\"noopener\">Aldrees Petroleum<\/a><\/strong><strong>\u2019s net income rose 29.1% y-o-y to SAR 93.6 mn in 4Q <\/strong><strong>2024<\/strong>, driven by increased sales in its petrol and transport division and healthier JV investment returns, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84833&anCat=1&cs=4200&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Meanwhile, revenues grew 32.8% to SAR 5.2 bn, on the back of the company setting up more operating stations and improving transportation rates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 2024, <\/strong>Aldrees\u2019 bottomline increased 20.4% y-o-y to SAR 338 mn, while its topline rose 30% to SAR 19.3 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Aldrees will distribute SAR 150 mn in dividends at SAR 1.5 apiece for FY 2024, according to a separate <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84831&anCat=1&cs=4200&locale=en\" style=\"\" rel=\"noopener\">filing<\/a>. The distribution date is yet to be disclosed. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Topline grew 32.8% to SAR 5.2 bn<\/p>\n","protected":false},"author":1,"featured_media":93630,"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":[3736,285,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-aldrees-petroleum","tag-earnings-watch","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"ee6b50c9-76ca-4353-a1a7-6bc2d2e529ca","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1541.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aldrees\u2019 net income was up 29.1% y-o-y 4Q 2024","related_issue":[93611],"teaser":"Topline grew 32.8% to SAR 5.2 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.f5b8ed09-86e8-451b-b166-256e355a98d8.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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