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2019-11-05 14:25:00

SAUDI ARAMCO'S PROFIT $68.2 BLN

SAUDI ARAMCO'S PROFIT $68.2 BLN

GULF NEWS- November 04, 2019 - Saudi Aramco's nine-month profit fell 18 per cent as lower oil prices eroded sales ahead of a share sale that could be the world's largest.

The oil giant earned net income of $68.2 billion compared with $83.1 billion for the same period a year ago, it said in a statement posted on its website. The state company's revenue slipped to $217 billion from $233 billion.

Aramco gave no explanation for the decline in its results, though its nine-month income alone exceeded the 2018 net posted by Apple Inc., the most profitable publicly…

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