Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Company News, Business

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Luberef net profit falls 7% in Q1

By TRENDS Desk
May 4, 2025 2:24 pm
  • This is in addition to a decrease in by-products crack margins, despite an increase in base oil crack margins.
  • Total shareholders’ equity, no minority interest, stood at SAR 4.07 billion as of March 31, 2025.

Riyadh, Saudi Arabia — Saudi Aramco Base Oil Co.’s (Luberef) net profit fell 7 percent to SAR 221.5 million in Q1 2025, from SAR 239 million a year earlier.

The profit decline was attributed to a decrease in by-products sales volumes, despite an increase in base oil prices. This is in addition to a decrease in by-products crack margins, despite an increase in base oil crack margins.

Sequentially, the company’s net profit rose 6.4 percent from SAR 208.21 million in Q4 2024, driven by an increase in by-products and base oil crack margins, despite the decrease in base oil sales volumes.

Total shareholders’ equity, no minority interest, stood at SAR 4.07 billion as of March 31, 2025, compared to SAR 4.25 billion a year earlier.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]