19 MAR 2024
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 8,777.5 | 8,582.58 | 2.27 | ||
| Gross Profit (Loss) | 2,073.13 | 1,471.13 | 40.92 | ||
| Operational Profit (Loss) | 2,169.71 | 1,483.15 | 46.29 | ||
| Net profit (Loss) | 1,613.43 | 1,040.91 | 55 | ||
| Total Comprehensive Income | 1,593.52 | 1,075.13 | 48.22 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 11,838.58 | 10,491.15 | 12.84 | ||
| Profit (Loss) per Share | 2.19 | 1.41 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage Of The Capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The main reason for the increase in revenue during this year compared with last year is:
-The improvement of Chemicals transportation sector performance whose revenue increased by an amount of SAR 665 million due to the increase in operation activities as well as the increase in global shipping rates during this year compared with last year, offset by the decrease in revenue of some sectors especially Oil transportation sector whose revenue decreased by an amount of SAR 323 million due to the decrease in operation activities, in addition to the decrease in Logistics sector by an amount of SAR 136 million during this year compared with last year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The main reason for the increase in net profit during this year compared with last year is:
-The increase in gross profit by an amount of SAR 602 million due to the improvement of operations performance in multiple sectors of the Group, where the Oil transportation sector gross profit increased by an amount of SAR 354 million, and Chemicals transportation sector by SAR 349 million during this year compared with last year.
-The increase in other income by an amount of SAR 153 million during this year compared with last year which is mainly due to the realized capital gain by an amount of SAR 214 million (Comparing with SAR 160 million in last year) from sale of vessels within the fleet modernization plan, in addition to the collection of recovered claims by an amount of SR 107 million (Comparing with SAR 17 million in last year).
-The increase in the Company’s share in results of equity accounted investee profits by an amount of SAR 207 million, as well as the increase in income from Murabaha deposits by an amount of SAR 70 million during this year compared with last year.
While limiting the increase in net profits, the increase in the finance cost by an amount of SR 324 million due to the increase in interest rates during this year compared with last year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | Certain comparative figures of the previous year have been reclassified to match with the presentation of the current year. |
| Additional Information | - |