Riyadh – Mubasher: Arabian Aramco Total Services Company on Thursday announced that its mother company SATORP has turned profitable in the first quarter of 2019.

SATORP achieved a net profit worth SAR 52.5 million in Q1-19, against a loss of SAR 205.3 million in Q1-18, according to the company’s filing to the Saudi Stock Exchange (Tadawul).

The positive turn in the company’s Q1-19 financials was ascribed to higher throughput compared to Q1-18, which was affected by major scheduled maintenance activity.

Total revenues grew 32.5% to SAR 10.25 billion during the first three months of 2019, compared to SAR 7.74 billion in the same period of the previous year.