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Aramco posts 34.5% rise in third-quarter profit despite attacks
DUBAI: Saudi Arabia’s state-owned oil company Aramco reported on Tuesday a 34.5% increase in net profit in the third quarter despite attacks targeting it, mainly due to higher revenue and its exit from a joint venture. The world’s top oil exporter reported a net profit of $36.25 billion in the three months ended September 30 from $26.9 billion a year earlier. Oil rises after report of US strike on Iran’s Qeshm Island Net profit was $32.7 billion in the second quarter. Adjusted net income in the third quarter was about $31.2 billion, beating a median analyst consensus shared by Aramco from 12 ...
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