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1. Net profit, for the second quarter ended 30th June 2012, totaled SAR 207.1 million compared to SAR 91.4 million for the corresponding quarter for the year 2011, an increase of 126.6%. Also, compared to SAR 160.1 million for the previous quarter an increase of 29.4% 2. Gross profit, for the second quarter ended 30th June 2012, totaled SAR 193.9 million compared to SAR 129.4 million for the corresponding quarter for the year 2011, an increase of 49.9%. 3.Operating profit, for the second quarter ended 30th June 2012, totaled SAR 145.3 million compared to SAR 102.1 million for the corresponding quarter for the year 2011, an increase of 42.3%. 4. Net profit, for the 6-months ended 30th June, 2012, totaled SAR 367.2 million compared to SAR 151.1 million for the corresponding period for the year 2011, an increase of 143%. 5. Earning per Share (EPS) from net profit, for the 6-months ended 30th June, 2012, totaled SAR 1.17 compared to SAR 0.48 for the corresponding period for the year 2011. 6.Gross profit, for the 6-months ended 30th June, 2012, totaled SAR 374.3 million compared to SAR 194.9 million for the corresponding period for the year 2011 an increase of 92%. 7. Operating profit, for the 6-months ended 30th June, 2012, totaled SAR 296.4 million compared to SAR 140.1 million for the corresponding period for the year 2011, a an increase of 111.6 %. 8. The CEO of Bahri, Mr. Saleh Nasser Al-Jasser traced the increase in the net profit during the second quarter and the 6-months period compared to the same corresponding periods of the year 2011 to the increase in the average time charter equivalent (TCE) rates in Very Large Crude Carrier (VLCC) spot market as well as increased profit of Petredec (30.3% owned by Bahri). He added that the increase in the net profit during the second quarter of 2012 compared to the previous quarter was due to the increased profit of Petredec as well as to the improvement of operational profit of the General Cargo Sector. Also, non-recurring operational profit of approximately SAR 23 million from expiry of one time chartered vessel and gain of SAR 11 million from sale of land owned by the company during the second of the year 2012. He added such positive results during the first half of 2012 were achieved though the cost of bunker rose by 14% compared to the same period of 2011. 9. Some items have been reclassified for comparison purposes. Bahri (formerly known as NSCSA), press release 
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Bahri announces its Interim Consolidated Financial Results