In the second quarter of this year the Saudi shipping company The National Shipping Company of Saudi Arabia (NSCSA) scored a net profit of 91.4 million riyals (24.4 million dollars), down 31% compared to 132.2 million riyals in the same period of 2010. Operating profit amounted to 56 million riyals, down 55% compared to 124.4 million riyals in the second quarter last year.
In the first half of 2011 the company reported a net profit of 151.1 million riyals, down 42% compared to 262.5 million riyals in the first half of last year. Operating profit amounted to 64.7 million riyals, down 73% compared to 238.4 million riyals in the first half of 2010.
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