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

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

28 February 2024 08:00 AM

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