Saudi Aramco Base Oil Company - Luberef reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 2,549.34 million compared to SAR 2,721.82 million a year ago. Net income was SAR 340.43 million compared to SAR 474.79 million a year ago. Basic earnings per share from continuing operations was SAR 2.02 compared to SAR 2.81 a year ago.
For the nine months, sales was SAR 6,959.11 million compared to SAR 8,805.06 million a year ago. Net income was SAR 1,240.96 million compared to SAR 1,214.89 million a year ago. Basic earnings per share from continuing operations was SAR 7.38 compared to SAR 7.2 a year ago.