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Saudi Aramco Base Oil Company – Luberef: Net profit dropped 38% to SAR 764 million as lower crack margins offset revenue growth
Saudi Aramco Base Oil Company – Luberef: Net profit dropped 38% to SAR 764 million as lower crack margins offset revenue growth
About this update from Saudi Aramco Base Oil Company - Luberef
Revenue grew 6% year-over-year to SAR 7.4 billion, but net profit fell 38% to SAR 764 million due to lower crack margins. Cash and borrowings declined, and SAR 1.45 billion in dividends were paid. Profitability was impacted by market conditions and lower margins.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
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