Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) achieved a surge of 103% in net profits after Zakat and tax to SAR 176.91 billion in the first half (H1) of 2021 from SAR 87.1 billion in H1-20.
The profits per share stood at SAR 0.85 in H1-21, compared to SAR 0.44 in H1-20.
Revenues soared by 67.5% annually to SAR 584.43 billion in H1-21 from SAR 348.8 billion in H1-20, according to the financial results on Sunday.
In the second quarter (Q2) of 2021, Aramco recorded a jump of 287.7% in net profits to SAR 95.47 billion from SAR 24.62 billion in Q2-20.
Revenues soared by 153.4% to SAR 312.35 billion in Q2-21 from SAR 123.23 billion in Q2-20.
Quarter-on-quarter (QoQ), the net profits in Q2-21 were 17% higher than SAR 81.44 billion in Q1-21, and the revenues rose by 14.8% from SAR 272.07 billion.
In a separate disclosure to Tadawul, Aramco announced a cash dividend payout of SAR 0.3518 per share for Q2-21.
The company will distribute a total amount of SAR 70.33 billion ($18.76 billion) for 199.9 billion shares eligible for the dividends.
Aramco will disburse the dividends on 1 September to the shareholders of record date equivalent to 15 August.
Commenting on the six-month results, Aramco President and CEO Amin Nasser, said: “Our historic $12.4 billion pipeline deal was an endorsement of our long-term business strategy by international investors, representing significant progress in our portfolio optimisation programme.”
He added, “Our landmark $6 billion Sukuk reinforced our robust balance sheet, further diversifying our funding sources and expanding our investor base.”
