Logo of Saudi Aramco Total Refining and Petrochemical Co. (SATORP)
Saudi Aramco Total Refining and Petrochemical Co. (SATORP) narrowed net loss after Zakat and tax to SAR 620.9 million (SAR 0.75 per share) in Q1 2021, compared to a loss of SAR 645.8 million in Q1 2020.
The increase in loss was attributed to improved refining and petrochemicals margins in Q1 2021, in addition to higher throughput compared to same quarter of the previous year, which was impacted by scheduled maintenance activities.
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Income statement |
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Period |
Q1 2020 |
Q1 2021 |
Change (%) |
|
Revenue (SAR mln) |
5605.2 |
5826.1 |
%4+ |
|
Net profit (SAR mln) |
(645.8) |
(620.9) |
%4+ |
|
Number of shares (mln) |
825.0 |
825.0 |
-- |
|
Earnings per share (SAR/share) |
(0.78) |
(0.75) |
%4+ |
Compared to the previous quarter, the firm narrowed losses by 22.3% in Q1 2021.
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SATORP net income since 2019 |
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Period |
Net income (SAR mln) |
Earnings per share (SAR) |
|
2019 |
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|
Q1 |
52.5 |
0.06 |
|
Q2 |
(474.9) |
(0.58) |
|
Q3 |
(494.0) |
(0.60) |
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Q4 |
274.8 |
0.33 |
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2020 |
||
|
Q1 |
(645.8) |
(0.78) |
|
Q2 |
(343.9) |
(0.42) |
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Q3 |
(804.8) |
(0.97) |
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Q4 |
(799.4) |
(0.97) |
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2021 |
||
|
Q1 |
(620.9) |
(0.75) |
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