The financial statements of Saudi Aramco Total Services (SATORP) showed an increase in the company's losses in the first half of this year by 134.3% on an annual basis.
According to the company's results for the Saudi market (Tadawul) today, Thursday, losses for the period amounted to 989.72 million riyals, compared to losses for the first half of last year amounting to 422.39 million riyals.
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The company said in a statement to the Stock Exchange that the high losses during the comparison periods are due to the refinery being affected by the periodic maintenance work for the units of the second production line, which caused a decrease in the refinery's processing capacity, in addition to Decreased margins as a result of prevailing market conditions.
The company recorded losses of 343.91 million riyals in the second quarter of this year, compared to losses of 474.89 million riyals for the same period last year, a decrease of 27.6%. / p>
(Amazon Fun Knowledge)
