One of SATORP facilities
Saudi Aramco Total Refining and Petrochemical Co. (SATORP) reported a net profit after Zakat and tax of SAR 1.434 billion (SAR 1.74 per share) by the end of Q1 2022, from SAR 620.9 million a year earlier.
|
Income Statement |
|||
|
Period |
2021 |
|
Change (%) |
|
Revenue (SAR mln) |
5826.1 |
17351.9 |
+198% |
|
Net profit (SAR mln) |
(620.9) |
1434.3 |
-- |
|
Average number of shares (mln) |
825.0 |
825.0 |
-- |
|
Earnings per share (SAR/share) |
(0.75) |
1.74 |
-- |
The company attributed its positive performance in the three-month period to better refining and petrochemical margins, along with higher throughput compared to the Q1 2021.
Net profit rose from SAR 252.9 million in the fourth quarter of 2021, driven by improved refining and petrochemicals margins.
|
SATORP Net Income since 2020 |
||
|
Period |
Net profit (SAR mln) |
Earnings 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 |
|
2022 |
||
|
Q1 |
1434.3 |
1.74 |
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