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Saudi Aramco Total Refining & Petrochemical Company (SATORP) reported a net profit of SAR 9.03 billion for 2022, versus a net loss of SAR 907.9 million in a prior year period.
Income Statement |
|||
Period |
2021 |
2022 |
Change |
Revenue (SAR mln) |
41713.34 |
76845.56 |
+84.22% |
Net Profit (SAR mln) |
(907.89) |
9035.82 |
-- |
Average No. of Shares (mln shares) |
825.0 |
825.0 |
-- |
EPS (SAR/ share) |
(1.1) |
10.95 |
- |
The positive performance was driven by improved refining and petrochemicals margins and higher throughput compared to the previous year.
Shareholders’ equity, no minority interest, stood at SAR 14.47 billion by Dec. 31, 2022, compared to SAR 4.31 billion in a year-earlier period.
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