SATORP Q1 2023 earnings fall 17% to SAR 1.18 bln
- Date: 23-May-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
SATORP Q1 2023 earnings fall 17% to SAR 1.18 bln
Saudi Aramco Total Refining & Petrochemical Co. (SATORP) posted a net profit of SAR 1.18 billion for Q1 2023, a fall of 17% from SAR 1.43 billion a year earlier.
This was due to lower throughput on planned maintenance activity compared to the same quarter of the previous year.
Total shareholders' equity, no minority interest, reached SAR 15.59 billion at the end of Q1 2023, compared with SAR 6.20 billion a year before.
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