Energy companies listed in Saudi Financial Market (Trading) Expected Profits of about 22.5 billion) during the same year
This decrease is due to the Saudi Aramco’s profit, Saudi market’s weight, which declined by 22 per cent. Other companies in the sector was also affected Materials, including the low-price-in-edge in the size of the status, in higher costs of consumption and benefits.
The energy sector includes on 20 prima prities, “Saudi Orange”, “Al-al-al-Albrow”, “FOREVER”, “FOREVER”, “VERROW”, “FORECAROW”, “FORECAROW”, “FORECAROW”, “FORECAROW”, “FORECAROW”, “FORECAROW”, “FORECAROW”, “FOREVER”, “FORECAROW”, “FORECAROW”, “FORECAROW”, “FOREVER” ” While four companies profits fell in, two businesses continued to register you, while a single company had been exception that the positive growth.
The Saudi Aramco business has obtained the highest rate between dressing companies, with a 2052 dollar profit of 205, in spite of the same fourth of the previous year. Business attributed this decline in the decrease in the revenues and sale, even if it was partially subjected to a deadline of operational costs.
Al -Baahri is second-ranked 108.5 million (407.4 million riot) during the second largest trainer, especially, in particular, inquine
Addis third 101.75 million (191.68 million riots), with a slight decrease in 5 percent compared to the same quarter of the previous year. The company explained that the reason is due to the high expense of depreciation and benefits as a result of expansion of its fleet.
While he arrived in a growth in a net profits between the sector’s companies during the second quarter, which obtains the profit and 99 million riyalli). This growth is due to the increase in the sales in transport and oil sectors, in addition to banking deposits of bank deposits and investments in the Sukuk.
The sector is strong despite the challenges
Commenting on these results, experts confirmed the Saudi energy sector is a basic pillar of the market. The CEYO of Ji World, Meaver Meaver Ten, believe in their claim to his honeymoon, and is always the most important and more important than profits in spite of their decline.
Attributed the Found of the Sector’s Warm-to-Headed “as a result of” Addise “flucties, incoming as” Al -dees “flexible growth benefit from the expansion of the oiling activity.
Omar expected that the “Aramco” company is driving in the financial oil efficients and the efficiency of the energy of the energy and melteness in the perfection and totally depends on an activity and totally at The importance of government investment activity in renewable energy, and the new growth growing opportunities that can provide the term average for the energy sector’s business.
For its part, financial analyst al -ateq the maliq the companies most of the oil and duties of oil but the sixth of the declines lightly in most companies of the sector.
August that during the past quarter, companies of the sector has made an increase in operating and capital shipping, and changes in domestic demand for repeated products.
Has sign-in companion of the sectivity, mostly “Aramco”‘s “Aramco” schedule and schedule of economes of economic for the moody economic activity.
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