Earnings

S-Oil Profits Rose in Fourth Quarter, 2022

S-Oil Profits Rose in Fourth Quarter, 2022

Lube Report Asia - February 3, 2023

The base oil and lubricants business of S-Oil reported a 23% increase in operating profit for the quarter ending Dec. 31 ...

Afton Profits Surge in Q4, 2022

Afton Profits Surge in Q4, 2022

Lube Report Americas - February 1, 2023

Afton Chemical posted operating profit jumps of 188% for the fourth quarter and 35% for the full year, boosted by increa ...

Conoil Profits Take a Dive

Conoil Profits Take a Dive

Lube Report EMEA - January 31, 2023

Nigerian lubricants blender and marketer Conoil reported 63% less gross profit for the fourth quarter of 2022 and a 57% ...

Liqui Moly Sales Up for 2022

Liqui Moly Sales Up for 2022

Lube Report EMEA - January 24, 2023

German lubricants and aftermarket additive manufacturer Liqui Moly reported that its sales revenue rose 10% in 2022 to ...

Moresco Reports Increased Sales

Moresco Reports Increased Sales

Lube Report Asia - January 13, 2023

Japanese specialty lubricant manufacturer Moresco reported a 14% increase in sales revenue for its specialty lubricants ...

WD-40 Posts Lower Income

WD-40 Posts Lower Income

Lube Report Americas - January 11, 2023

WD-40 Co. posted net income of $14 million for the quarter ending Nov. 30, a 25% drop from $18.5 million in the same per ...

Profits Down for Korean Blender Michang

Profits Down for Korean Blender Michang

Lube Report Asia - January 6, 2023

South Korean lubricants blender Michang Oil Ind. Co. Ltd. reported a 45% drop in net profit and a 4% increase in sales f ...

Copton Reports Lower Profits

Copton Reports Lower Profits

Lube Report Asia - December 30, 2022

Chinese lubricants blender Qingdao Copton Tech reported a drop of more than 40% in net profit and a slight increase in o ...

Earnings Slide at Lopal, Jump for Richful

Earnings Slide at Lopal, Jump for Richful

Lube Report Asia - December 23, 2022

Chinese lubricant marketer Lopal Tech Co. reported a 23% drop in operating income for its lubricant products segment for ...

Profits, Sales Down for Lub-rref

Profits, Sales Down for Lub-rref

Lube Report Asia - December 16, 2022

Bangladeshi lubricants blender Lub-rref reported a 3% decrease in net profit and a 12% drop in sales revenue on lower op ...

Profits Up at Thai Oil, Down at MJL, Eastern

Profits Up at Thai Oil, Down at MJL, Eastern

Lube Report Asia - December 9, 2022

Net profit for Thai Oil’s base oil business rose 21% for the quarter ending Sept. 30. Base oil prices were steady in t ...

Steep Drop in Profits for Ardova

Steep Drop in Profits for Ardova

Lube Report EMEA - December 6, 2022

Nigerian blender and distributor Ardova Plc reported an 83% drop in net profit and a 10% increase in sales revenue for i ...

Hi-Tech Lubricants Posts Net Loss

Hi-Tech Lubricants Posts Net Loss

Lube Report Asia - December 2, 2022

Hi-Tech Lubricants Ltd. reported a steep net loss and a 27% decrease in lubricant sales for the quarter ended Sept. 30, ...

Profits Drop for Nigeria’s Conoil

Profits Drop for Nigeria’s Conoil

Lube Report EMEA - November 29, 2022

Nigerian lubricants blender and marketer Conoil reported a 38% drop in gross profit and flat sales revenue for the quart ...

Earnings Up at Gulf, Savita, Balmer Lawrie

Earnings Up at Gulf, Savita, Balmer Lawrie

Lube Report Asia - November 25, 2022

A volatile business environment – including impacts from weather, reduced demand from agribusiness and depreciation of ...

Results up for Clean Harbors, Vertex

Results up for Clean Harbors, Vertex

Lube Report Americas - November 23, 2022

Clean Harbors’ Safety-Kleen segment continued its run of rising revenues with another strong quarter for the quarter e ...

Profits Drop at Yushiro, KH Neochem

Profits Drop at Yushiro, KH Neochem

Lube Report Asia - November 18, 2022

Price hikes were insufficient to make up for sharp increases in raw material prices and distribution costs in the quarte ...