VOL. XLVI
No 20
19-May-2003
SAUDI ARABIA
NSCSA Posts $22Mn Profit In 2002
The National Shipping Company of Saudi Arabia (NSCSA) has posted a profit of SR81.7mn ($21.8mn) for 2002, following a loss of SR138.6mn ($36.9mn) in 2001 (MEES, 22 July 2002), according to a statement to shareholders from the companys chairman Sulaiman al-Herbish in NSCSAs Annual Report 2002. The loss in 2001 was attributed to a one-off disposal of roll-on/roll-off (Ro-Ro) container ships. NSCSAs operating revenue in 2002...
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