reports
Petro Rabigh posts wider Q4 net loss on plant shutdown
Petro Rabigh reported a wider net loss in the fourth-quarter of 2015. The firm made a loss of SAR1.01bn in the three months to December 31. This compares with a net loss of SAR198M in the year-ago period. FY15 net profit amounted to SAR-759M, a loss by -211% from a SAR681M net profit a year earlier.
Petro Rabigh swings to Q3 2015 net loss on lower margins
Petro Rabigh reported a net loss of SAR460M in Q3-2015, compared to a net profit of SAR294M in the same quarter last year, and in contrast to a profit of SAR505M in the previous quarter (Q2-2015). Thus, for the first nine months of 2015, the net profit amounted to SAR250M, marking a 71.6% decline compared to the same period last year.
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