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Saudi Aramco Base Oil Company – Luberef announces its annual financial results for the period ending on 31-12-2023 (Twelve Months)

LUBEREF 2223 0.93% 130.20 1.20
Element List Current Year Previous Year %Change
Sales/Revenue 9,488.68 10,613.89 -10.6
Gross Profit (Loss) 1,858.37 2,433.69 -23.64
Operational Profit (Loss) 1,590.29 2,171.11 -26.75
Net profit (Loss) 1,509.61 1,978.08 -23.68
Total Comprehensive Income 1,460.35 2,020.7 -27.73
Total Share Holders Equity (After Deducting the Minority Equity) 4,868.79 5,082.83 -4.21
Profit (Loss) per Share 8.98 11.72
All figures are in (Millions) Saudi Arabia, Riyals


Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Millions) Saudi Arabia, Riyals


Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year The drop-in revenue is mainly driven by a decrease in the prices of base oils and by-products despite higher base oils sales volumes.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The drop in net income is mainly driven by a decrease in base oils and by-products crack margins despite the higher base oil sales volumes.
Statement of the type of external auditor's report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items Certain prior period figures have been re-classified to be aligned with the presentation in the current year
Additional Information None
Attached Documents   

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