NSCA’s H1 net income up 1.47%, to some $70m

Net income of the National Shipping Company of Saudi Arabia (NSCSA) increased in six straight months by 1.47% as compared with the same period in 2009, to SAR262.5 million (about $ 70 million), PortNews IAA reports citing the NSCSA’s CEO Humoud A. Al-Ajlan.

According to Mr. Al-Ajlan the company’s income grew thanks to increased volumes of oil shipments.