Rabigh Refining and Petrochemical Third Quarter 2022 Earnings: ر.س0.86 loss per share (vs ر.س0.25 profit in 3Q 2021)

Rabigh Refining and Petrochemical (TADAWUL:2380) Third Quarter 2022 Results

Key Financial Results

• Revenue: ر.س12.6b (up 12% from 3Q 2021).
• Net loss: ر.س1.41b (down from ر.س221.4m profit in 3Q 2021).
• ر.س0.86 loss per share (down from ر.س0.25 profit in 3Q 2021).

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 expected to fall by 3.2% p.a. on average during the next 3 years compared to a 10% decline forecast for the Oil and Gas industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 9.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Rabigh Refining and Petrochemical has 3 warning signs (and 2 which don't sit too well with us) we think you should know about.

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