Rabigh Refining and Petrochemical Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Rabigh Refining and Petrochemical (TADAWUL:2380) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س39.3b (down 12% from FY 2023).
• Net loss: ر.س4.54b (loss narrowed by 3.2% from FY 2023).
• ر.س2.72 loss per share (improved from ر.س2.81 loss in FY 2023).

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

Rabigh Refining and Petrochemical Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 1.1%.

Looking ahead, revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Oil and Gas industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 11% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Rabigh Refining and Petrochemical that you should be aware of before investing here.

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