SATORP Q1 2023 earnings fall 17% to SAR 1.18 bln

23/05/2023 Argaam

SATORP Q1 2023 earnings fall 17% to SAR 1.18 bln

One of SATORP's facilities


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.

 

Statement of Income

Period

Q1 2023

Q1 2022

Change

Revenue (SAR mln)

13110.02

17351.9

-24.45

Net Income (SAR mln)

1183.45

1434.27

-17.49

Average Number of Shares (mln)

825.0

825.0

--

EPS (SAR/Share)

1.43

1.74

--

 

This was due to lower throughput on planned maintenance activity compared to the same quarter of the previous year.

 

SATORP Net Income Since 2022

Period

Net Income (SAR mln)

EPS (SAR/ Share)

2022

Q1

1434.3

1.74

Q2

3080.6

3.73

Q3

2171.9

2.63

Q4

2349.1

2.85

2023

Q1

1183.5

1.43

 

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.

 

View More Financial Results

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