08 MAY 2023
| Element List | Current Quarter | Similar Quarter For Previous Year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,375.22 | 1,579.07 | 50.42 | 2,717.5 | -12.6 |
| Gross Profit (Loss) | 615.24 | 156.17 | 293.95 | 684.76 | -10.15 |
| Operational Profit (Loss) | 609.24 | 119.06 | 411.71 | 760.07 | -19.84 |
| Net Profit (Loss) after Zakat and Tax | 492.49 | 64.9 | 658.84 | 578.12 | -14.81 |
| Total Comprehensive Income | 492.62 | 76.89 | 540.68 | 576.56 | -14.56 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar Period For Previous Year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 10,983.77 | 9,490 | 15.74 |
| Profit (Loss) per Share | 1 | 0.13 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The main reason for the increase in net profit during the current quarter compared to the same quarter of last year is:
-The increase in revenues due to the improvement of performance in multiple sectors especially the oil transportation sector where its revenue has increased by the amount of SR 449 million, as well as the increase in the chemicals transportation sector revenue by the amount of SR 377 million, due to the improvement in shipping rates prices and the increase in shipping operations as well as the additions of new vessels in Bahri fleet. -The increase in the group's share in results of equity accounted investee companies by the amount of SR 96 million during the current quarter compared to the same quarter last year.
-While the increase in finance costs by the amount of SR 117 million, have limited the increase in profits during the current quarter compared to the same quarter last year. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | The main reason for the decrease in net profit in the current quarter compared to the previous quarter is:
-The decrease in other income by the amount of SR 123 million, due to capital gains in the previous quarter by the amount of SR 154 million compared to SR 17 million in the current quarter due to dispose of some vessels within the fleet modernization plan. -The decrease in revenues from some sectors especially the oil transportation sector due to the decline in global shipping rates prices. -The increase in finance costs by the amount of SR 36 million during the current quarter compared with the previous quarter.
-While the increase in the group's share in results of equity accounted investee companies by the amount of SR 88 million and the decrease in general and administrative expenses by the amount of SR 28 million, have contributed to reduce the impact of the decrease in net profit during the current quarter compared to the previous quarter. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | None |
| Reclassification of Comparison Items | Certain comparative figures of the prior period have been reclassified to match with the presentation of the current period. |
| Additional Information | None |