- Saudi Arabia
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- Oil and Gas
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- 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.
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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 very low.