Logo of SATORP
Saudi Aramco Total Refining and Petrochemical Co. (SATORP) narrowed its net loss after Zakat and tax to SAR 1.1608 billion (SAR 1.41 per share) for the first nine months of 2021, from SAR 1.7941 billion in the same period a year earlier.
The company attributed the decline in net losses to higher sales margins amid the prevailing market conditions.
|
Income statement |
|||
|
Period |
September 2020 |
September 2021 |
Change (%) |
|
Revenue (SAR mln) |
16528.4 |
28020.4 |
%70 |
|
Net profit (SAR mln) |
(1794.1) |
(1160.8) |
+35% |
|
Number of shares (mln) |
825.0 |
825.0 |
-- |
|
Earnings per share (SAR/share) |
(2.17) |
(1.41) |
+35% |
The company further narrowed its net loss after Zakat and tax by 84% year-on-year (YoY) to SAR 130.1 million in Q3 2021, backed by higher sales margins.
|
SATORP net income since 2019 |
||
|
Period |
Net income (SAR mln) |
Earnings per share (SAR) |
|
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) |
|
Q3 |
(130.1) |
(0.16) |
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