Arabian Aramco Total Services announced the interim financial results of the parent company (SATORP), which showed an increase in the company's losses in the first nine months of this year by 95.8% over Annual basis.
according to the company's results for the Saudi market (Tadawul), today, Monday, losses for the period amounted to 1.79 billion riyals, compared to losses of 916.38 million riyals for the first nine months of last year.
and the company attributed the aggravation of losses during the comparison periods to the impact of the refinery with periodic maintenance work for the units of the second production line, which caused a decrease in the refinery's processing capacity, in addition to a decrease in profit margins resulting from Market conditions.
The company's losses during the third quarter of this year amounted to about 804.37 million riyals, compared to losses of 493.99 million riyals for the same period last year, with an increase in losses by 62.8% .
