National Shipping Company of Saudi Arabia Full Year 2024 Earnings: EPS: ر.س2.94 (vs ر.س2.19 in FY 2023)

National Shipping Company of Saudi Arabia (TADAWUL:4030) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س9.48b (up 8.0% from FY 2023).
• Net income: ر.س2.17b (up 35% from FY 2023).
• Profit margin: 23% (up from 18% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س2.94 (up from ر.س2.19 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Crude Oil Transportation Sector segment contributing a total revenue of ر.س4.60b (49% of total revenue). Notably, cost of sales worth ر.س7.14b amounted to 75% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ر.س319.7m (186% of total expenses). Explore how 4030's revenue and expenses shape its earnings.

National Shipping Company of Saudi Arabia shares are up 2.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for National Shipping Company of Saudi Arabia (1 makes us a bit uncomfortable!) that we have uncovered.

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