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National Shipping Company of Saudi Arabia announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 2,082.181,705.7722.0661,939.47.362
Gross Profit (Loss) 561.33426.1831.711464.5820.825
Operational Profit (Loss) 505.79377.1834.097382.5532.215
Net Profit (Loss) after Zakat and Tax 419.22179.33133.77249.0868.307
Total Comprehensive Income 419.73179.25134.158251.1267.143
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 9,631.99,557.120.782
Profit (Loss) per Share 1.060.46
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to - The increase in returns of several operating segments powered by the growth in oil sector due to the raise of transportation rates in addition to the increase in number of voyage during the first quarter of the year.

- The decrease in financing expenses and the recognition of profit from the group's share of results of investment in associate companies compared to losses recognized during the corresponding quarter of the previous year, have contributed to the increase in the net profit for the group.

Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to -The increase in returns of several operating segments powered by the growth in oil .

- Recognition of profit in the group's share of results in investment in associate companies during the current quarter compared to losses recognized during previous quarter.

Basis of the External Auditor's Opinion Unmodified opinion
Reclassification of Comparison Items Certain comparative figures of the prior period have been reclassified to conform with the presentation of the current period.
Additional Information None

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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