67
66
Bahri Finance Division
Bahri Finance Division
Bahri Annual Report
Bahri Annual Report
maritime sector went through during the second half of 2016. This is aptly demonstrated through the increase to Bahri’s net income during the 4th quarter, which reached more than SAR 327 million, in comparison to a net income of SAR 318,370 million during the 3rd quarter of 2016.
The below graph shows that Bahri registered a stable net income for 2016, in addition to an increase in operational revenue and income, during the 4th quarter of 2016. Furthermore, the graph also demonstrates that Bahri was able to overcome the challenges associated with the steep decline that the entire
Graph no. 5: 2015 – 2016 Gross Operating Revenue
Graph no. 6: 2015 – 2016 Consolidated Income Statement
2,500,000
800,000
2,000,000
600,000
1,500,000
400,000
1,000,000
200,000
500,000
0
0
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
Oil Transportation
Petrolchemical Transportation
General Cargo Transportation
Dry Bulk Transportation
Total Gross Operating Revenue
Operating Revenues
Operating Income
Net Income for the Period
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Oil Transportation
213,602
SAR’000
164,896
446,279
656,870
549,980
457,072
354,413
386,048
Operating Revenues
1,642,063
SAR’000
1,355,914
1,855,631
1,935,181
2,110,778
1,917,637
1,810,690
1,642,457
Petrochemical Transportation
46,555
SAR’000
52,113
53,645
26,478
49,845
60,034
52,062
48,868
Operating Income
346,250
SAR’000
230,142
541,003
709,701
594,869
545,293
411,924
427,944
General Cargo Transportation
92,213
SAR’000
23,768
59,558
51,094
44,038
81,369
20,406
6,974
Net Income for the Period
324,605
SAR’000
318,370
504,175
611,990
566,397
510,296
342,478
398,412
Dry Bulk Transportation
11,178
SAR’000
15,034
13,348
13,114
12,526
12,771
13,546
13,323
Total Gross Operating Revenue
363,548
SAR’000
255,811
572,830
747,556
656,389
611,246
440,427
455,213
Powered by FlippingBook