National Shipping Company of Saudi Arabia announces its Interim Financial Results for the Period Ending on 2021-12-31 ( Twelve Months )

National Shipping Company of Saudi Arabia announces its Interim Financial Results for the Period Ending on 2021-12-31 ( Twelve Months )

|Element List||Current Quarter||Similar quarter for previous year||%Change||Previous Quarter||% Change|

|Sales/Revenue||1,546.54||1,268.09||21.958||1,320.58||17.11|

|Gross Profit (Loss)||211.93||217.96||-2.766||133.1||59.226|

|Operational Profit (Loss)||173.31||141.96||22.083||90.57||91.354|

|Net Profit (Loss) after Zakat and Tax||91.98||77.54||18.622||17.99||411.284|

|Total Comprehensive Income||104.96||71.98||45.818||12.73||724.509|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Current Period||Similar period for previous year||%Change|

|Sales/Revenue||5,351.08||8,393||-36.243|

|Gross Profit (Loss)||556.5||2,121.87||-73.773|

|Operational Profit (Loss)||424.83||1,866.42||-77.238|

|Net Profit (Loss) after Zakat and Tax||192.43||1,571.11||-87.751|

|Total Comprehensive Income||210.93||1,565.01||-86.522|

|Total Share Holders Equity (after Deducting Minority Equity)||9,413.11||9,989.68||-5.771|

|Profit (Loss) per Share||0.49||3.99|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is|| The main reason for the increase in net profit during the current quarter compared to the same quarter of last year is:

|

- The increase in revenues by 22% and the improvement in multiple sectors especially the oil sector where the revenues has increased by the amount of SR 149 million due to the improvement in global shipping rates and the increase in shipping operations.

- The increase in Other income by the amount of SR 27.8 million, in addition to the decrease in General and administrative expenses by the amount of SR 19 compared to the same quarter of last year.

The increase in operating costs mainly due to the increase in bunker prices which