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Saudi Aramco Base Oil Company - Luberef. announces its Interim Financial results for the Period Ending on 2024-03-31 (Three Months)

LUBEREF 2223 1.54% 132.20 2.00
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 2,184,790 1,796,744 21.597 2,529,568 -13.629
Gross Profit (Loss) 313,826 554,742 -43.428 359,863 -12.792
Operational Profit (Loss) 246,115 473,539 -48.026 280,509 -12.261
Net profit (Loss) 239,013 445,670 -46.369 268,654 -11.033
Total Comprehensive Income 227,566 445,670 -48.938 219,389 3.727
All figures are in (Thousands) Saudi Arabia, Riyals


Element List Current Period Similar period for previous year %Change
Total Share Holders Equity (After Deducting the Minority Equity) 4,255,084 5,530,676 -23.063
Profit (Loss) per Share 1.42 2.65
All figures are in (Thousands) Saudi Arabia, Riyals


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


Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The increase in revenues in the current quarter compared to the same quarter of the last year is due to an increase in by-products prices and volumes.
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 reason for the net profit decrease in the current quarter compared to the same quarter of the last year is due to the decrease in base oil crack margins.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the revenue decrease in the current quarter compared to the previous quarter is mainly due to the decrease in base oil sales prices, and the decrease in base oil volumes due to the scheduled hydrocracker unit shutdown.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the net profit decrease in the current quarter compared to the previous quarter is mainly due to a decrease in base oil crack margins and a decrease in sales volumes due to the scheduled hydrocracker unit shutdown.
Statement of the type of external auditor's report Unmodified conclusion
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 None
Additional Information None
Attached Documents   

Luberef Financial Results Q1 2024

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