National Shipping Company of Saudi Arabia announces its Annual Financial results for the period ending on 2023-12-31

National Shipping Company of Saudi Arabia announces its Annual Financial results for the period ending on 2023-12-31

|Element List||Current Year||Previous Year||%Change|

|Sales/Revenue||8,777.5||8,582.58||2.27|

|Gross Profit (Loss)||2,073.13||1,471.13||40.92|

|Operational Profit (Loss)||2,169.71||1,483.15||46.29|

|Net profit (Loss)||1,613.43||1,040.91||55|

|Total Comprehensive Income||1,593.52||1,075.13||48.22|

|Total Share Holders Equity (After Deducting the Minority Equity)||11,838.58||10,491.15||12.84|

|Profit (Loss) per Share||2.19||1.41|

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

|Element List||Amount||Percentage of the capital (%)|

|Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value||-||-|

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

|Element List||Explanation|

|The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year|| The main reason for the increase in revenue during this year compared with last year is:

|

-The improvement of Chemicals transportation sector performance whose revenue increased by an amount of SAR 665 million due to the increase in operation activities as well as the increase in global shipping rates during this year compared with last year, offset by the decrease in revenue of some sectors especially Oil transportation sector whose revenue decreased by an amount of SAR 323 million due to the decrease in operation activities, in addition to the decrease in Logistics sector by an amount of SAR 136 million during this year compared with last year.

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