DUBAI: State-owned oil producer Saudi Aramco reported an almost 82% rise in first-quarter (Q1) net profit, broadly in line with analyst forecasts, helped by strong oil prices.
Aramco, which is at par with Apple Inc as the world’s most valuable company, reported a net income of US$39.5bil (RM173.7bil) for the quarter to March 31 from US$21.7bil (RM95.4bil) a year earlier.
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