Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company posted on Sunday a net profit of SAR 28.2 million ($7.5 million) in the first quarter of fiscal 2016, 32.86% down from SAR 42 million ($11.2 million) in the same period of 2015.
The fall in Q1-16 profit was attributed to the decreasing sales in transport sector, the increase in energy prices and financial expenses and the decline of other incomes.
