SATORP trims 2021 net loss by 65% to SAR 907.9 mln; Q4 profit at SAR 252.9 mln
- Date: 20-Mar-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
SATORP trims 2021 net loss by 65% to SAR 907.9 mln; Q4 profit at SAR 252.9 mln
Saudi Aramco Total Refining and Petrochemical Co. (SATORP) cut 2021 net losses after Zakat and tax to SAR 907.9 million (SAR 1.10 per share) in 2021, from SAR 2.593 billion a year earlier.
The company attributed the decline in net losses to better margins from refining and chemicals, as well as the increased processing capacity of the refinery.
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