SATORP (5014) recorded a net profit of SAR 9 billion at the end of 2022, compared to a loss of SAR 908 million in 2021.
SATORP’s net profit increase last year was due to improved refining and petrochemical margins and higher productivity compared to 2021.
SATORP recorded an operating profit of SAR 12 billion in 2022, compared to SAR 32 million in 2021.
EPS increased last year to SAR 10.95, compared to a loss of SAR 1.1 in 2021.
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