Saudi Aramco Base Oil Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
---|---|---|---|---|---|
Sales/Revenue | 2,613.03 | 3,342.49 | -21.82 | 1,796.74 | 45.43 |
Gross Profit (Loss) | 550.51 | 593.34 | -7.22 | 554.74 | -0.76 |
Operational Profit (Loss) | 480.65 | 536.61 | -10.43 | 473.54 | 1.5 |
Net Profit (Loss) after Zakat and Tax | 454.85 | 437.47 | 3.97 | 445.67 | 2.06 |
Total Comprehensive Income | 454.85 | 454.86 | -0 | 445.67 | 2.06 |
All figures are in (Millions) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
---|---|---|---|
Sales/Revenue | 4,409.77 | 6,083.24 | -27.51 |
Gross Profit (Loss) | 1,105.25 | 1,099.76 | 0.5 |
Operational Profit (Loss) | 954.19 | 959.03 | -0.5 |
Net Profit (Loss) after Zakat and Tax | 900.52 | 740.1 | 21.68 |
Total Comprehensive Income | 900.52 | 757.49 | 18.88 |
Total Share Holders Equity (after Deducting Minority Equity) | 5,146.42 | 3,877.04 | 32.74 |
Profit (Loss) per Share | 5.35 | 4.39 | |
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 | Net income increased in the current quarter compared to the same quarter of the last year 2022 driven by:
a decrease in zakat and income tax expenses due to Luberef being subjected to zakat only after its listing. |
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | Net income increased in the current quarter compared to previous quarter due to:
An increase in revenue from base oil sales despite the reduction in base oil crack margins, in addition to that a decrease in selling and distribution expenses along with general and administrative expenses. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net income increases in the current period compared to previous period due to:
a decrease in zakat and income tax expenses due to Luberef being subjected to zakat only after its listing, in addition to an increase in base oil crack margins despite lower base oil volumes sold. |
Statement of the type of external auditor's report | Unmodified conclusion |
Reclassification of Comparison Items | None |
Additional Information | None |
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