Independent journal on economy and transport policy
03:36 GMT+2
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In the 2013 profit clearly of the Bahri Saudi it has recorded an increase of +49.3%
the revenues are increased of +7.3% to 2,84 billion riyal
February 24, 2014
The shipowning company Saudi The National Shipping Company of Saudi Arabia (Bahri), that it has a fleet of 17 tankers VLCC, 24 to chimichiere, five ro-ro and three to rinfusiere, has archived item 2013 with a profit of clearly 752,3 million riyal (200 million dollars), with an increment of +49.3% regarding 504 million riyal in the exercise anniversary precedence. Bahri has explained that the increment of the result clearly is yields mainly of the improvement of the activities of the group and the increase of the profit generated from the Petredec Ltd., trading company in the field of the gas of liquified oil of which Bahri it stops 30.3% of the capital, that it is gone up by 144 million riyal in 2012 to 291 million in 2013, let alone from the proceeds for 75,5 million riyals generated from the sale of four destined ships ro-ro to the demolition.
The operating profit is increased of +10.6% attesting itself to 502,3 million riyal regarding 454,0 million riyal in 2012. The revenues have grown of +7.3% to 2,84 billion riyal.
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