One of SATORP's manufacturing facility
Saudi Aramco Total Refining and Petrochemical Co. (SATORP) cut 2021 net losses after Zakat and tax to SAR 907.9 million (SAR 1.10 per share) in 2021, from SAR 2.593 billion a year earlier.
|
Income Statement |
|||
|
Period |
2020 |
2021 |
Change (%) |
|
Revenue (SAR mln) |
22616.2 |
41713.3 |
+84% |
|
Net profit (SAR mln) |
(2593.5) |
(907.9) |
+65% |
|
Number of shares (mln) |
825.0 |
825.0 |
-- |
|
Loss per share (SAR/share) |
(3.14) |
(1.10) |
+65% |
The company attributed the decline in net losses to better margins from refining and chemicals, as well as the increased processing capacity of the refinery.
|
SATORP Net Income since 2020 |
||
|
Period |
Net income (SAR mln) |
Loss per share (SAR) |
|
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) |
|
Q4 |
252.9 |
0.31 |
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