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Saudi Aramco Q1 profit dives, says virus to hit 2020 results

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Energy giant Saudi Aramco on Tuesday reported a 25 per cent slump in first-quarter net profits due to low oil prices, saying the coronavirus crisis will dampen demand and full-year earnings.

[RIYADH] Energy giant Saudi Aramco on Tuesday reported a 25 per cent slump in first-quarter net profits due to low oil prices, saying the coronavirus crisis will dampen demand and full-year earnings.

The world's largest listed firm posted a net profit of 62.5 billion riyals (S$23.52...

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