10 Hrs
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مباشر
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Luberef Q3 Profit Jumps
Luberef’s net profit surged 92.3% in the third quarter of 2026 to SAR 536.2 million, compared with SAR 278.8 million in the same period a year earlier. The company attributed the growth to higher cracking margins for base oils and by-products. Revenue rose 28.7% to SAR 2.78 billion, supported by improved selling prices despite lower sales volumes. Quarter on quarter, net profit fell 27%, while it increased 105% in the first nine months of the year to about SAR 1.53 billion.
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