Market Prospects

The land transportation and logistics industry is a fast growing component of the vibrant Saudi economy. Saudi Arabia relies almost entirely on land transportation for the distribution of all goods and commodities that are produced locally or imported. It has no inland waterways and the current railway network covers only a small part of the country.

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Year - 2009

The Saudi Transport & Investment Co. Mubarrad announces its preliminary financial results for the period ending 31/12/2009:

  1.     The net profit during the fourth quarter (SR 452 thousand), compared to (SR 1.25 million) for the same quarter last year, a decrease (64%), and compared to SR 3.23 million for the previous quarter and a decrease (86%).
  2.     The gross profit during the fourth quarter (SR 1.61 million) compared to (SR 1.70 million) for the same quarter last year, a decrease of (5%).
  3.     The operating profit during the fourth quarter (SR 592 thousand), compared to (SR 711 thousand) for the same quarter last year, a decrease (17%).
  4.     The net profit for the twelve months (SR 5.5 million), compared to (SR 11.3 million) for the same period last year, a decrease of the capacity (51%).
  5.     Earnings per share for the twelve months (0.31) riyals, compared to (0.63) for the same period last year.
  6.     The total profit for the twelve months (SR 7.59 million), compared with (SR 8.28 million) for the same period the previous year, a decrease (8%).
  7.     The operating profit during the twelve months (SR 3.83 million), compared with (SR 5.10 million) for the same period last year, a decrease of the capacity (25%).
  8.     The reason for the decrease during the periods in 2009 compared to same periods of the previous year is due to increase the depletion of expenditure or resource deferred for the year 2009, and the inclusion of periods in 2008 on the other income and investment income higher than the periods of the year 2009.

 

Saudi Transport & Investment Co. Mubarrad announces its annual financial results ended 31/12/2008:Net profit 11.16 million riyals compared to 13.46 million riyals for the previous year, a decrease of 17%.

  1. Earnings per share 0.62 riyal compared 0.75 riyal the previous year.
  2. Gross profit 7.98 million riyals compared to SR 7.43 million for the previous year, an increase of 7.4%.
  3. Operating profit amounted to 4.78 million riyals compared to SR 5.06 million for the previous year, a decrease of 5.5%.
  4. The reason for the high gross profit is the rise in activity revenue, and the reason for decline in operating profit is the increase in public expenditures and depletion expenses and deferred revenues, and the reason for decline in net profit in year 2008 is due to the inclusion of net profit in 2007 on the investment income is higher than in 2008.

 

 Saudi Transport & Investment Co. Mubarrad announces preliminary financial results for the period ended 30/09/2009 (nine months):

  1. The net profit during the third quarter (SR 3.23 million), compared to (SR 2.28 million) for the same quarter last year, an increase of 42%, and compared to 1.46 million riyals for the previous quarter, an increase of (121%).
  2. The gross profit during the third quarter (SR 3 million) compared to SR 2.59 million) for the same quarter of last year, a high capacity (16%).
  3. The operating profit during the third quarter (SR 2.11 million), compared to (SR 1.70 million) for the same quarter of last year, a high capacity (24%).
  4. The net profit for the nine months (SR 5.04 million), compared with (SR 10.04 million) for the same period last year, a decrease of the capacity (50%).
  5. Earnings per share for the nine months (0.28) riyals, compared to (0.56) for the same period last year.
  6. The total profit for the nine months (SR 5.97 million), compared to (SR 6.57 million) for the same period the previous year, a decrease (9%).
  7. The operating profit in nine months (SR 3.23 million), compared to (SR 4.38 million) for the same period last year, a decrease of the capacity (26%).
  8. The reason for the high gross profit and operating profit for the third quarter is due to this year’s increase in the activity revenues compared to the corresponding period of previous year, and the reason for decline in gross profit and operating profit for the nine months compared with the corresponding period of previous year is due to the increase in cost of activity (in the first and second quarter of 2009). The affected operating profit exhausted deferred revenue expenses higher than the period of 2008. The cause of decline in net profit for the nine months compared with the corresponding period of previous year net profit is due to inclusion of this period of other income lower than the period in 2008.

Saudi Transport & Investment Co. Mubarrad announces preliminary financial results for the period ended on 30/06/2009 meters (six months):

  1. The net profit during the second quarter (SR 1.46 million), compared with (SR 6.47 million) for the same quarter of last year, (a decrease of 77%), and compared to 348 thousand riyals for the previous quarter, an increase of 320%.
  2. The gross profit during the second quarter (SR 1.64 million) compared to (SR 2.32 million) for the same quarter of last year, (a decrease of 29%).
  3. The operating profit during the second quarter (SR 734 thousand), compared to (SR 1.65 million) for the same quarter of last year, (a decrease of 55%).
  4. The net profit for the six months (SR 1.81 million), compared with (SR 7.76 million) for the same period last year, (a decrease of 77%).
  5. Earnings per share for the six months (0.10) riyals, compared to (0.43) for the same period last year.
  6. The total profit for the six months (SR 2.96 million), compared to (SR 3.97 million) for the same period last year, (a decrease of 25%).
  7. The operating profit during the six months (SR 1.12 million), compared to (SR 2.68 million) for the same period last year, (a decrease of 58%).
  8. The reason for decline in gross profit for the period this year compared to the same comparable periods last year is due to increase in cost of activities (depreciation of new fleet), and the reason for decline in operating profit is due to the influence of exhaustion expenses and deferred revenues, and the decline in net profit is due to inclusion of the net profit of last year on higher revenues periods and investments

 

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