Summary of Financial Results of Affiliates for the Fiscal year 2010 (In Thousands Saudi Riyals)
Percentage contribution in Company’s Net Profit
General & Administrative Expenses
Other income (Expenses)
Operating Expenses
Net profit (Loss)
Company’s Name
Operating Revenue
NSCSA (America) Inc.*
23,651
(6,696)
(19,426)
915 (1,556)
(0.4%)
Mideast Ship Management Ltd. *
34,658 ---
(34,124)
(266)
268
(0.1%)
National Chemical Carriers Ltd. Co.
266,744 (153,855)
(6,765)
(13,256)
92,868
(22.4%)
* Dependent entirely on the parent company in generating their income.
NSCSA operates an independent strategy for the oil & gas sectors, chemical transportation, general cargo and the dry bulk sector. The chemical and dry bulk sectors operate through a limited liability subsidiary companies National Chemical Carrier (NCC) and Bahri Dry Bulk respectively. Given that they consist of strategic partners.
Revenues of the Company’s Main Segments for the Fiscal Year 2010 (In Thousands Saudi Riyals)
Operating Revenue
Operating expenses Operating Income
Segment
% Total
Crude Oil & LPG Transportation
1,445,532
(1,070,421)
375,111
84%
Petrochemical Transportation
266,744
(153,855)
112,889
25%
General Cargo Transportation (liner)
337,554
(377,669)
(40,115)
(9%)
Bulk Transportation
---
---
---
---
Total
2,049,830
(1,601,945)
447,885
100%
Operating Revenue
Operating Expenses
Gross Operating Income
)9%(
24%
16%
25%
13%
10%
71%
66%
84%
Crude oil & LPG transportation Petrochemical transportation General cargo transportation (Liner) Bulk transportation
Crude oil & LPG transportation Petrochemical transportation General cargo transportation (Liner) Bulk transportation
Crude oil & LPG transportation Petrochemical transportation General cargo transportation (Liner) Bulk transportation
The National Shipping Company of Saudi Arabia Annual Report 2010
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