The Saudi National Shipping Company achieved the highest level of quarterly profits ever, as the second quarter profits of this year increased by 1570% compared to the same quarter of the previous year, to reach To 760.6 million riyals.
According to Arabia Net, the company attributed in a statement the reason for the increase in its quarterly profits to the high returns from several operating sectors mainly supported by the growth achieved in the transport sector of crude oil due to Increased transportation rates, in addition to the increase in transfers during the second quarter of the year.
The company gained about 1.18 billion riyals during the first six months of this year, a significant increase of 225% compared to the first six months of last year.
>The profits for the first six months of the current year were supported, with lower financing expenses compared to the corresponding period of the previous year, in addition to recording profits in the group's share of investments in companies The associate during the current period compared to the losses incurred during the same period in the previous year.
(Fun Knowledge of Knowledge)
