Financial Results : SARCO posts net profit of SAR 221,000 in Q1 2021

SARCO posts net profit of SAR 221,000 in Q1 2021

06/05/2021 Argaam Exclusive

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Saudi Arabia Refineries Co. (SARCO) reported a net profit after Zakat and tax of SAR 221,000 for the first quarter of 2021, against a net loss of SAR 1.1 million in the year-ago period.

 

The strong performance was fueled by to an increase in the company's profit share from associates during the current quarter (the shareholding profit in Arab Tanker Co.).



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Operating Income (0.89) (0.87) 2.1 %
Net Income (1.10) 0.22 120.0 %
Average Shares 15.00 15.00 -
EPS (Riyals) (0.07) 0.01 120.0 %

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