A SATROP facility
Saudi Aramco Total Refining and Petrochemical Co. (SATORP) reported a net profit after Zakat and tax of SAR 6.69 billion (SAR 8.11/share) for the first nine months of 2022, versus a loss of SAR 1.16 billion in the year-earlier period.
|
SATORP Income Statement |
|||
|
Period |
Sept. 2021 |
Sept. 2022 |
Change |
|
Revenue (SAR mln) |
28020.4 |
59174.9 |
+111% |
|
Net Income (SAR mln) |
(1160.8) |
6686.7 |
-- |
|
Average No. of Shares (mln) |
825.0 |
825.0 |
-- |
|
EPS (SAR/share) |
(1.41) |
8.11 |
-- |
Q3 2022 net profit stood at SAR 2.17 billion, versus a net loss of SAR 130.1 million in Q3 2021, on improved refining and petrochemicals margins and higher throughput compared to the same quarter of the previous year.
On a sequential basis, net profit dropped 29.5% from 3.08 billion, due to lower refining and petrochemicals margins.
|
SATORP Net Income 2021-to-date |
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|
Period |
Net Income (SAR mln) |
EPS (SAR/share) |
|
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 |
|
Q2 |
3080.6 |
3.73 |
|
Q3 |
2171.9 |
2.63 |
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