Arabian Aramco Total’s FY17 profit tumbles 69%

27/03/2018 Argaam

 

Arabian Aramco Total Services Co. reported a net profit of SAR 431,383 for the fiscal year 2017, a fall of 68.6 percent year-on-year (YoY), due to the income tax imposed on Saudi Aramco’s stake in Saudi Aramco Total Refining and Petrochemical (SATORP).

 

Higher financing costs and tough market conditions also weighed on the annual results.

 

Income Statement

Period

2016

2017

Variation

Revenue (SAR mln)

26,751.0

33,934.0

+27%

Net profit (SAR mln)

1,373.8

431.4

( 69% )

Average number of shares (mln share)

825.0

825.0

--

EPS (SAR/share)

1.67

0.52

( 69% )

 

Arabian Aramco’s Quarterly Net Profit

Period

Net Profit

(SAR mln)

EPS

(SAR/share)

2015

Q1 2015

472.4

0.57

Q2 2015

748.7

0.91

Q3 2015

(12.6)

(0.02)

Q4 2015

564.9

0.68

2016

Q1 2016

546.4

0.66

Q2 2016

549.5

0.67

Q3 2016

(52.1)

(0.06)

Q4 2016

310.8

0.38

2017

Q1 2017

233.6

0.28

Q2 2017

93.7

0.11

Q3 2017

193.3

0.23

Q4 2017

(277.3)

(0.34)

 

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