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Saudi Aramco Base Oil Company – Luberef: Net profit dropped to SAR 537.9 million as lower crack margins offset revenue growth

Saudi Aramco Base Oil Company – Luberef: Net profit dropped to SAR 537.9 million as lower crack margins offset revenue growth

Saudi Aramco Base Oil Company - LuberefAugust 6, 20245
Saudi Aramco Base Oil Company – Luberef: Net profit dropped to SAR 537.9 million as lower crack margins offset revenue growth

About this update from Saudi Aramco Base Oil Company - Luberef

Revenue increased year-over-year to SAR 4.91 billion, but net profit fell to SAR 537.9 million due to lower crack margins. Cash flow from operations declined, and significant dividends were paid and approved. Profitability remains sensitive to market 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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