Management Report
Financial Statements & Operational Results
In 2009, NSCSA posted a net profit of SAR (369.30) million compared to SAR (749.97) million in 2008. The global economic crisis that began in mid-2008 continued to have a major factor for the decline of profits in 2009 compared to that of 2008. NSCSA results of operations are shown in the following tables and financial statements:
Financial Results for the past five years Year
2009 2008
2007 2006 2005
Operating Income Operating Expenses Gross Operating Income General and Administrative Expenses Other Income (Expenses), Net Zakat & Tax Net Profit Earning Per Share (SAR)
1,672,016 (1,299,545)
2,594,530 (1,633,882) 960,648 (105,718)
1,703,294 (1,251,958)
1,651,281 (1,161,006)
1,602,270 (1,081,005)
372,471 (95,020) 126,439 (34,590) 369,300 1.17
451,336 (87,301) 76,960 (18,419) 422,576 1.48
490,275 (81,344) 51,870 (19,305) 441,496 1.96
521,265 (70,844) 6,096 (18,677) 437,840 2.19
(50,491) (54,471) 749,968 2.38
In Thousands Saudi Riyals
Diagram of Financial Statements & Operational Results
3,0
2,5
2,0
1,5
1,0
0,5
0,0
2009
2008
2007
2006
2005
Operating Revenue
Operating Expenses
General and Administrative Expenses
Net profit
16
Annual Report 2009 The National Shipping Company of Saudi Arabia
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