Saudi Aramco Base Oil Company - Luberef Second Quarter 2024 Earnings: EPS: ر.س1.78 (vs ر.س2.71 in 2Q 2023)

Saudi Aramco Base Oil Company - Luberef (TADAWUL:2223) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س2.73b (up 4.4% from 2Q 2023).
• Net income: ر.س298.8m (down 34% from 2Q 2023).
• Profit margin: 11% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ر.س1.78 (down from ر.س2.71 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Saudi Aramco Base Oil Company - Luberef Earnings Insights

Looking ahead, revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Saudi Arabia are expected to grow by 5.4%.

Performance of the Saudi Chemicals industry.

The company's shares are down 2.8% from a week ago.

Valuation

Following the latest earnings results, Saudi Aramco Base Oil Company - Luberef may be undervalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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