National Shipping Company of Saudi Arabia's (Bahri) net profit rose 28.98% year-on-year (YoY) to SAR 620.7 million for fiscal year 2019, due to higher operating income and lower share of losses from associates.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 6,129.91 | 6,567.02 | 7.1 % |
| Gross Income | 1,246.98 | 1,427.00 | 14.4 % |
| Operating Income | 1,077.47 | 1,194.08 | 10.8 % |
| Net Income | 481.24 | 620.70 | 29.0 % |
| Average Shares | 738.28 | 738.28 | - |
| EPS (Riyals) | 0.65 | 0.84 | 29.0 % |
Q4 2019 net profit after zakat and tax more than doubled YoY to SAR 249.08 million, driven by higher operating revenue, increased transportation fees, and lower financing expenses.
When compared to the previous quarter, net profit hiked by 69.75%.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 1,781.70 | 1,939.40 | 8.9 % |
| Gross Income | 404.86 | 464.58 | 14.8 % |
| Operating Income | 378.65 | 377.75 | (0.2 %) |
| Net Income | 91.41 | 249.08 | 172.5 % |
| Average Shares | 738.28 | 738.28 | - |
| EPS (Riyals) | 0.12 | 0.34 | 172.5 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 1,481.56 | 1,939.40 | 30.9 % |
| Gross Income | 296.11 | 464.58 | 56.9 % |
| Operating Income | 240.74 | 377.75 | 56.9 % |
| Net Income | 146.73 | 249.08 | 69.8 % |
| Average Shares | 738.28 | 738.28 | - |
| EPS (Riyals) | 0.20 | 0.34 | 69.8 % |
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