MEPCO turns to SAR 90.3M loss in 2023; Q4 at SAR 45.7M

30/03/2024 Argaam Exclusive

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Share Price

Middle East Paper Co.
40.90
(0.10) (0.24 %)

Middle East Paper Co. (MEPCO)

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Middle East Paper Co. (MEPCO) swung to a net loss of SAR 90.3 million for 2023, against a net profit of SAR 269.7 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 1,187.01 866.75 (27.0 %)
Gross Income 502.79 85.00 (83.1 %)
Operating Income 307.13 (55.00) (117.9 %)
Net Income 269.70 (80.27) (129.8 %)
Average Shares 66.67 66.67 -
EPS (Riyals) 4.05 (1.20) (129.8 %)


Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Revenues 231.52 224.26 (3.1 %)
Gross Income 77.17 2.94 (96.2 %)
Operating Income 15.85 (26.69) (268.4 %)
Net Income 24.79 (35.70) (244.0 %)
Average Shares 66.67 66.67 -
EPS (Riyals) 0.37 (0.54) (244.0 %)

Shareholders’ equity,  after minority interest, reached SAR 1.07 billion as of Dec. 31, 2023, compared to SAR 1.18 billion in the prior-year period. 

 

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