Saudi Aramco Base Oil Company - Luberef (TADAWUL:2223) Third Quarter 2023 Results

Key Financial Results

• Revenue: ر.س2.55b (down 6.3% from 3Q 2022).
• Net income: ر.س340.4m (down 28% from 3Q 2022).
• Profit margin: 13% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue.
• EPS: ر.س2.02 (down from ر.س2.81 in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Saudi Aramco Base Oil Company - Luberef Earnings Insights

Looking ahead, revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Saudi Arabia are expected to grow by 4.2%.

Performance of the Saudi Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Saudi Aramco Base Oil Company - Luberef has 2 warning signs (and 1 which is concerning) we think you should know about.

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