National Shipping Company of Saudi Arabia announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

National Shipping Company of Saudi Arabia announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

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

|Sales/Revenue||2,313.08||2,375.22||-2.616||2,023.44||14.314|

|Gross Profit (Loss)||663.09||615.24||7.777||516.43||28.398|

|Operational Profit (Loss)||625.96||597.43||4.775||556.49||12.483|

|Net profit (Loss)||452.93||492.49||-8.032||401.23||12.885|

|Total Comprehensive Income||453.03||492.62||-8.036||385.51||17.514|

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

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

|Total Share Holders Equity (After Deducting the Minority Equity)||12,291.6||10,983.77||11.906|

|Profit (Loss) per Share||0.61||0.67|

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

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

|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 quarter compared to the same quarter of the last year is|| The main reason for the decrease in revenue during the current quarter compared with same quarter of last year is:

|

-The decrease in revenue of some sectors, especially Oil transportation sector whose revenue decreased by an amount of SAR 121 million, due to the drop of operation activities during the current quarter compared with same quarter last year, while the Chemicals transportation sector revenues increased by SAR 82 million due to increase in the operation activities and shipping rates for this sector during current quarter compared with same quarter last year.

|The reason of the increase (decrease) in the net profit during the current quarter compared to the