Arabian Aramco Total Services Co. reported a net profit of SAR 604.7 million for the first nine months of 2018, a 14.7 percent year-on-year decline on higher finance costs and change in tax base despite of the higher sales margins for the current period. During the same period in 2017 income tax was only for foreign shareholders, while in the current period in 2018 it is on 100 percent of profit.
|
Income Statement |
|||
|
Period |
September 2017 |
September 2018 |
Variation |
|
Sales (SAR mln) |
24,052.3 |
32,971.3 |
+37% |
|
Net Profit (SAR mln) |
708.7 |
604.7 |
(15%) |
|
Average number of shares (mln share) |
825.0 |
825.0 |
-- |
|
EPS (SAR/ share) |
0.86 |
0.73 |
(15%) |
The company reported a net profit of SAR 352.1 million for Q3 2018, a 4.7 percent year-on-year decline due to higher finance costs and change in tax base.
When compared to previous quarter, net profit fell 23.1 percent quarter-on-quarter.
|
SATORP’s Net Profit |
||
|
Period |
Net Profit (SAR mln) |
EPS (SAR/share) |
|
Q1 2016 |
546.4 |
0.66 |
|
Q2 2016 |
549.5 |
0.67 |
|
Q3 2016 |
(52.1) |
(0.06) |
|
Q4 2016 |
310.8 |
0.38 |
|
Q1 2017 |
233.6 |
0.28 |
|
Q2 2017 |
93.7 |
0.11 |
|
Q3 2017 |
369.4 |
0.45 |
|
Q4 2017 |
(277.3) |
(0.34) |
|
Q1 2018 |
(205.3) |
(0.25) |
|
Q2 2018 |
457.9 |
0.56 |
|
Q3 2018 |
352.1 |
0.43 |
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