Saudi Aramco Total Refining and Petrochemical Co. (SATORP) posted a net loss after zakat and tax of SAR 916.4 million for the first nine months of 2019, against a net profit of SAR 604.7 million a year earlier.
The nine-month losses were attributed to a decline in refining and petrochemical margins due to market conditions, and unplanned maintenance activities.
Total shareholders' equity dropped to SAR 7.55 billion (without minority interest) compared to AR 9.53 billion in year-earlier period.
|
Income statement |
|||
|
Period |
H1 2018 |
H1 2019 |
Change (%) |
|
Revenue (SAR mln) |
32971.3 |
28450.5 |
(14%) |
|
Net loss (SAR mln) |
604.7 |
(916.4) |
-- |
|
Number of shares (mln) |
825.0 |
825.0 |
-- |
|
Earnings per share (SAR/share) |
0.73 |
(1.11) |
-- |
In Q3 2019, the company incurred a net loss after zakat and tax of SAR 494 million, against a net profit of SAR 352.1 million a year earlier, on lower refining and petrochemical margins due to market conditions, and reduced refinery utilization amid unplanned maintenance activities.
When compared to the previous, net losses widened by 4 percent.
|
SATORP net income since 2017 |
||
|
Period |
Net income (SAR mln) |
Earnings per share (SAR) |
|
2018 |
||
|
Q1 |
(205.3) |
(0.25) |
|
Q2 |
457.9 |
0.56 |
|
Q3 |
352.1 |
0.43 |
|
Q4 |
( 157.8 ) |
( 0.19 ) |
|
2019 |
||
|
Q1 |
52.5 |
0.06 |
|
Q2 |
(474.9) |
(0.58) |
|
Q3 |
(494.0) |
(0.60) |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}