Rabigh Refining and Petrochemical Second Quarter 2024 Earnings: ر.س0.66 loss per share (vs ر.س0.72 loss in 2Q 2023)

Rabigh Refining and Petrochemical (TADAWUL:2380) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س10.0b (down 6.3% from 2Q 2023).
• Net loss: ر.س1.10b (loss narrowed by 8.0% from 2Q 2023).
• ر.س0.66 loss per share (improved from ر.س0.72 loss in 2Q 2023).

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

Rabigh Refining and Petrochemical Earnings Insights

Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Asia are expected to remain flat.

Performance of the market in Saudi Arabia.

The company's shares are up 8.1% 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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