World

Aramco’s Q3 net profit jumps 34.5% to $36.3bn

RIYADH: Saudi Aramco’s net profit rose 34.5 percent year on year to $36.3 billion in the third quarter, boosted by higher revenue and a gain from the sale of its stake in Malaysian refining and petrochemicals venture PRefChem. Adjusted net income, which excludes certain items, increased 9 percent to $31.2 billion from $28.6 billion a year earlier, the world’s largest oil exporter said in a statement. The increase in net profit was primarily driven by higher revenue and other income related to