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Reasons for making a profit from trading Petro Rabigh - Printable Version

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Reasons for making a profit from trading Petro Rabigh - arincin - 06-27-2024

Reasons for making a profit from trading Petro Rabigh

The profits of the Petro Rabigh Refining and Petrochemical Company reached 1,588 million riyals, despite incurring losses last year as a result of the suspension that reached 60 days as a result of maintenance work, which resulted in a lack of demand and a lack of profit, but there are a group of reasons that help the stock achieve profits in that period. Among them are the following:
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 There was a significant improvement in the profit margin for petrochemical products as a result of the recovery in market conditions and the gradual recovery in the global economy, which helped improve profit significantly.
 Great stability in operating the industrial complex in this quarter of time before shutting down for maintenance. It helped restore the company's business activity.