SATORP Reports Losses of SR130 mln during the 3Q, down 83.8%

This came after Arabian Aramco Total Services Company announced on Thursday the interim financial results of its parent company (SATORP) for the period ending on 30/09/2021 (nine months)

The operational profit amounted to SR119 million during the third quarter, compared to losses of SR676.15 million during the same quarter of the previous year.

The gross profit amounted to SR198.12 million during the third quarter, compared to a loss of SR596.51 million during the same quarter of the previous year.

The net loss after zakat and tax during the current period amounted to SR1.16 billion, compared to a loss of SR1.79 million during the same period of the previous year, down 35.29%.

The loss per share during the current period amounted to SR1.41 riyals, compared to a loss of SR2.17 during the same period of the previous year.

The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is the decrease in loss for Q3 2021 compared to Q3 2020 was due to higher sales margins caused by prevailing market conditions.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is the decrease in loss for Q3 2021 compared to Q2 2021 was due to higher sales margins caused by prevailing market conditions.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is the decrease in loss for the current period compared to the previous period was due to higher sales margins caused by prevailing market conditions.