Saudi Arabia Refineries Co. (SARCO) reported a net profit after Zakat and tax of SAR 221,000 for the first quarter of 2021, against a net loss of SAR 1.1 million in the year-ago period.
The strong performance was fueled by to an increase in the company's profit share from associates during the current quarter (the shareholding profit in Arab Tanker Co.).
| Item | Q1 2020 | Q1 2021 | Change |
|---|---|---|---|
| Operating Income | (0.89) | (0.87) | 2.1 % |
| Net Income | (1.10) | 0.22 | 120.0 % |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | (0.07) | 0.01 | 120.0 % |
| Item | Q4 2020 | Q1 2021 | Change |
|---|---|---|---|
| Operating Income | (0.92) | (0.87) | 5.3 % |
| Net Income | 7.00 | 0.22 | (96.8 %) |
| Average Shares | 15.00 | 15.00 | - |
| EPS (Riyals) | 0.47 | 0.01 | (96.8 %) |
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