National Shipping Company of Saudi Arabia announces its Annual financial results for the period ending on 2018-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 6,129.91 | 6,045.84 | 1.39 | ||
| Total Profit (Loss) | 1,240.23 | 1,320.68 | -6.091 | ||
| Profit (Loss) Operational | 1,088.19 | 1,133.55 | -4.001 | ||
| Net Profit (Loss) after Zakat and Tax | 481.24 | 800.31 | -39.868 | ||
| Total Comprehensive Income | 473.28 | 801.66 | -40.962 | ||
| Total Share Holders Equity (after deducting minority equity) | 9,377.87 | 9,495.22 | -1.235 | ||
| Profit (Loss) per Share | 1.22 | 2.03 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| Reason for increase (decrease) in net profit for current year compared to last year | "The decrease in net income for the current year compared to last year is mainly due to: - The decrease in net profit is mainly due to the decrease in non-operating activities. Investment in associates recorded losses of SAR 119 M during the current year against profits of SAR 82 M in 2017. In addition, The finance cost has increased by SAR 81 M during the current year. - The addition of new vessels to the Bahri's fleet and better performance in business units have contributed to reduce the impact of lower transport rates in general, specifically in oil transportation on the company's performance compared to 2017. " |
| Type of the external auditor's opinion | Unmodified opinion |
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