Stock Analysis

Rabigh Refining and Petrochemical Third Quarter 2024 Earnings: ر.س0.78 loss per share (vs ر.س0.69 loss in 3Q 2023)

SASE:2380
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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).
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SASE:2380 Earnings and Revenue Growth November 13th 2024

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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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.