SATORP swings to SAR 6.69 bln net profit in 9M; Q3 earnings at SAR 2.17 bln
- Date: 09-Nov-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
SATORP swings to SAR 6.69 bln net profit in 9M; Q3 earnings at SAR 2.17 bln
Saudi Aramco Total Refining and Petrochemical Co. (SATORP) reported a net profit after Zakat and tax of SAR 6.69 billion for the first nine months of 2022, versus a net loss after Zakat and tax of SAR 1.16 billion in a year earlier period.
Q3 2022 net profit stood at SAR 2.17 billion, versus a net loss of SAR 130.1 million in Q3 2021.
On a sequential basis, net profit dropped 29.5% from 3.08 billion.
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