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.

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