Bahri Annual Report-2009

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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