AnnouncementDetails

Actions

National Shipping Company of Saudi Arabia announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 3,532.431,440.28145.2592,082.1869.65
Gross Profit (Loss) 962.59240.13300.862561.3371.483
Operational Profit (Loss) 915.18204.29347.98505.7980.94
Net Profit (Loss) after Zakat and Tax 760.6145.571,569.102419.2281.434
Total Comprehensive Income 757.8244.931,586.668419.7380.549
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 5,614.613,146.0578.465
Gross Profit (Loss) 1,523.92666.31128.71
Operational Profit (Loss) 1,420.97581.47144.375
Net Profit (Loss) after Zakat and Tax 1,179.83224.9424.602
Total Comprehensive Income 1,177.55224.17425.293
Total Share Holders Equity (after Deducting Minority Equity) 9,995.979,011.4210.925
Profit (Loss) per Share 30.57
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 net income for the current quarter compared to the corresponding quarter last year is mainly due to:-

- The increase in returns of several operating segments powered mainly by the growth in oil sector due to the raise of transportation rates in addition to the increase in number of voyage during the second quarter of the year.

Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The increase in net income for the current quarter compared to the previous quarter is mainly due to:

- The increase in returns of several operating segments powered mainly by the growth in oil sector due to the raise of transportation rates in addition to the increase in number of voyage during the second quarter of the year.

Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The increase in net income for the current period compared to the corresponding period last year is mainly due to:

- The increase in returns of several operating segments powered mainly by the growth in oil sector due to the raise of transportation rates in addition to the increase in number of voyage during the period.

- The decrease in financing expenses during the current period compared to the same period last year, beside the recognition of profit in the group's share of results in investment in associate companies during the current period compared to losses recognized during previous period.

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.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
40.05 0.2 (+0.5%)
Value Traded (SAR) Volume Traded
147,301,517.2 3,680,911