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Saudi Aramco Base Oil Company – Luberef (the “Company”) announces its Interim financial results for the period ending on 30/09/2023 (nine months)

LUBEREF 2223 1.54% 132.20 2.00
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 2,549.34 2,721.82 -6.34 2,613.03 -2.44
Gross Profit (Loss) 393.25 649.94 -39.49 550.51 -28.57
Operational Profit (Loss) 355.58 570.03 -37.62 480.65 -26.02
Net Profit (Loss) after Zakat and Tax 340.43 474.79 -28.3 454.85 -25.16
Total Comprehensive Income 340.43 474.79 -28.3 454.85 -25.16
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 6,959.11 8,805.06 -20.96
Gross Profit (Loss) 1,498.51 1,749.7 -14.36
Operational Profit (Loss) 1,309.78 1,529.06 -14.34
Net Profit (Loss) after Zakat and Tax 1,240.96 1,214.89 2.15
Total Comprehensive Income 1,240.96 1,232.27 0.7
Total Share Holders Equity (after Deducting Minority Equity) 4,647.75 4,351.82 6.8
Profit (Loss) per Share 7.38 7.2
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The drop in net income is mainly driven by a decrease in base oil crack margin despite the increase in sales volume.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The drop in net income is mainly driven by a decrease in base oil crack margin.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The increase in net income is mainly driven by a decrease in zakat and income tax expenses due to Luberef being subjected to zakat only after its listing.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items None
Additional Information None
Attached Documents   
Third Quarter 2023 Results

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