Saudi Aramco Base Oil Company – Luberef. announces its Interim Financial results for the Period Ending on 2024-03-31 (Three Months)
- Date: 05-May-2024
- Source: Mubasher
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Aramco Base Oil Company – Luberef. announces its Interim Financial results for the Period Ending on 2024-03-31 (Three Months)
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,