Earnings

Yip’s Chemical Posts Operating Loss

Yip’s Chemical Posts Operating Loss

Lube Report Asia - September 23, 2022

The lubricants business of Hong Kong-based Yip’s Chemical Holdings Ltd. reported an operating loss and an 8% decline i ...

PV Oil Lube’s Profits Rebound

PV Oil Lube’s Profits Rebound

Lube Report Asia - September 9, 2022

PV Oil Lube JSC’s profit after tax jumped by more than 70% for the first six months of this year, likely benefiting fr ...

Raw Material Costs Hinder AP Oil’s Profits

Raw Material Costs Hinder AP Oil’s Profits

Lube Report Asia - September 2, 2022

Singaporean independent lubricants blender AP Oil reported that its net profit dropped 39% to Singaporean $1 million (U. ...

Thai Oil Earnings Fell in Second Quarter

Thai Oil Earnings Fell in Second Quarter

Lube Report Asia - August 26, 2022

Thai Oil reported that net profit for its base oil business fell 60% in the second quarter, compared to the same period ...

Additive

Profits Rise at Vertex, Perimeter Solutions

Lube Report Americas - August 24, 2022

Vertex Energy Inc. reported a 178% increase in gross profit and increased sales for its used motor oil collection and pr ...

Ardova Posts Bigger Loss

Ardova Posts Bigger Loss

Lube Report EMEA - August 23, 2022

Nigerian blender and distributor Ardova Plc’s lubricants and greases segment reported a net loss and a 16% increase in ...

Moove Profits Jumped in Second Quarter

Moove Profits Jumped in Second Quarter

Lube Report Americas - August 17, 2022

Moove, the lubricants arm of Brazil-based Cosan, posted higher profits, revenue and sales volume for the three months en ...

Liqui-Moly Reports Increased Sales

Liqui-Moly Reports Increased Sales

Lube Report EMEA - August 16, 2022

Liqui-Moly reported an 8 percent increase in sales for the first half of this year. The German company said that exporti ...

India Firms Thrive Despite Conditions

India Firms Thrive Despite Conditions

Lube Report Asia - August 12, 2022

Several Indian lubricant companies reported strong increases in profits for the quarter ended June 30. Pricing actions e ...

Earnings Up at Valvoline, HF Sinclair, Afton

Earnings Up at Valvoline, HF Sinclair, Afton

Lube Report Americas - August 10, 2022

Valvoline Inc. reported higher net income and operating income for the quarter ending June 30, in spite of a 28% increas ...

Earnings Decrease for Castrol, Conoil

Earnings Decrease for Castrol, Conoil

Lube Report EMEA - August 9, 2022

BP’s Castrol segment reported a decrease in underlying replacement cost before interest and taxes for the second quart ...

Mixed Q2 for Korean Base Oil Refiners

Mixed Q2 for Korean Base Oil Refiners

Lube Report Asia - August 5, 2022

Profits increased more than 10% for SK Lubricants in the second quarter, while profits tumbled almost 70% for fellow Sou ...

Sales Up for HCC

Sales Up for HCC

Lube Report Americas - August 3, 2022

Heritage-Crystal Clean’s oil business segment reported 45% higher revenue for its second fiscal quarter ending June 18 ...

Q2 Profits Down for Fuchs

Q2 Profits Down for Fuchs

Lube Report EMEA - August 2, 2022

Independent lubricants blender Fuchs Petrolub SE reported a decrease in profits and an increase in sales for the second ...

Apar Profit Doubled in Quarter

Apar Profit Doubled in Quarter

Lube Report Asia - July 29, 2022

Indian transformer oil supplier Apar Industries reported increases of more than 100% in net profit and a 24% jump in rev ...

Moresco’s Specialty Lube Sales Increase

Moresco’s Specialty Lube Sales Increase

Lube Report Asia - July 22, 2022

Japanese specialty lubricant producer Moresco Corp. reported improved sales for its specialty lubricants for its first f ...

WD-40 Profit Declines

WD-40 Profit Declines

Lube Report Americas - July 13, 2022

WD-40 reported net income of $14.5 million for the quarter ending May 31, a 31% drop from the same period last year, whi ...