A SATORP factory
Saudi Aramco Total Refining and Petrochemical Co. (SATORP) widened net loss after Zakat and tax to SAR 1.03 billion (SAR 1.25 per share) in H1 2021, compared to a loss of SAR 989.7 million in the year-earlier period.
The higher losses year-on-year (YoY) was mainly due to market conditions.
|
Income Statement |
|||
|
Period |
H1 2020 |
H1 2021 |
Variation |
|
Revenue (SAR mln) |
10,547.6 |
16,757.7 |
+50% |
|
Net profit (SAR mln) |
(989.7) |
(1,030.7) |
(4%) |
|
Average number of shares (mln share) |
825.0 |
825.0 |
-- |
|
EPS (SAR/share) |
(1.20) |
(1.25) |
(4%) |
The company reported a net loss after Zakat and tax of 409.8 million for Q2 2021, compared to a loss of SAR 343.9 million for Q2 2020.
On a sequential basis, SATORP narrowed its losses in Q2 due to improved market conditions and operating the refinery at full capacity.
|
SATORP Net Profit Since 2019 |
||
|
Period |
Net profit (SAR mln) |
EPS (SAR/share) |
|
2019 |
||
|
Q1 |
52.5 |
0.06 |
|
Q2 |
(474.9) |
(0.58) |
|
Q3 |
(494.0) |
(0.60) |
|
Q4 |
274.8 |
0.33 |
|
2020 |
||
|
Q1 |
(645.8) |
(0.78) |
|
Q2 |
(343.9) |
(0.42) |
|
Q3 |
(804.4) |
(0.97) |
|
Q4 |
(799.4) |
(0.97) |
|
2021 |
||
|
Q1 |
(620.9) |
(0.75) |
|
Q2 |
(409.8) |
(0.50) |
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