National Shipping Company Of Saudi Arabia operates in the Deep sea foreign trans. of freight sector.
In addition to historical fundamental analyses, the complete report available to purchase compares National Shipping Company Of Saudi Arabia with three other
freight shipping companies in Middle East:
Gulf Navigation Holding PJSC
of United Arab Emirates
(2016
sales of 129.51 million Arab Emirates Dirhams [US$35.26 million]
of which 82%
was Vessel owning and Chartering),
Qatar Navigation QPSC
of Qatar
(2.55 billion Qatari Riyals [US$693.84 million]
of which 39%
was Milaha Maritime & Logistics), and
Abetrans Ltd.
which is
based in Israel
(142.69 million Israel Shekels [US$40.72 million]
).
Sales Analysis.
National Shipping Company Of Saudi Arabia reported sales of 6.79 billion Saudi Riyals (US$1.81 billion)
for the
year ending
December of 2016.
This
represents
a
decrease of 9.5%
versus 2015, when the company's sales were 7.50 billion Saudi Riyals.
Contributing to the drop in overall sales was the 15.4% decline
in Crude Oil Transportation, from 5.76 billion Saudi Riyals to 4.88 billion Saudi Riyals.
There were also decreases in sales in
Petrochemical Transportation (down 0.1% to 774.15 million Saudi Riyals)
.
However, these declines were partially offset by the increase in sales of
General Cargo Transportation (Liner) (up 2.1% to 866.49 million Saudi Riyals)
and
Bulk Transportation (up 136.7% to 271.16 million Saudi Riyals)
.