- Saudi Arabia
- /
- Oil and Gas
- /
- SASE:2380
Rabigh Refining and Petrochemical Third Quarter 2024 Earnings: ر.س0.78 loss per share (vs ر.س0.69 loss in 3Q 2023)
Rabigh Refining and Petrochemical (TADAWUL:2380) Third Quarter 2024 Results
Key Financial Results
- Revenue: ر.س9.96b (down 21% from 3Q 2023).
- Net loss: ر.س1.30b (loss widened by 14% from 3Q 2023).
- ر.س0.78 loss per share (further deteriorated from ر.س0.69 loss in 3Q 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 4.2% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Oil and Gas industry in Asia.
Performance of the market in Saudi Arabia.
The company's shares are down 1.7% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Rabigh Refining and Petrochemical that we have uncovered.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SASE:2380
Rabigh Refining and Petrochemical
Engages in the development, construction, and operation of an integrated refining and petrochemical complex in the Middle East, the Asia Pacific, and internationally.
Fair value with imperfect balance sheet.