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Saudi Aramco net profits drop 4.6 percent in first quarter: statement

Oil giant Saudi Aramco on Sunday reported a drop of 4.6 percent in its first-quarter net profits as lower sales and higher operating costs hit the lynchpin of the kingdom's ambitious economic reform plans. Profits fell due to "lower revenue and other income related to sales as well as higher…

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Click here to read the full story: The Peninsula Qatar

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