Saudi Printing and Packaging Co. (SPPC) reduced net losses after Zakat and tax by 86.6% to SAR 6.2 million in the first nine months of 2022, from SAR 46.7 million a year earlier.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Revenues | 571.26 | 767.81 | 34.4 % |
| Gross Income | 63.35 | 110.33 | 74.1 % |
| Operating Income | (20.17) | 14.00 | 169.4 % |
| Net Income | (46.66) | (6.24) | 86.6 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.78) | (0.10) | 86.6 % |
In Q3 2022, net losses after Zakat and tax narrowed to SAR 3.9 million, from SAR 17.75 million.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 203.61 | 261.15 | 28.3 % |
| Gross Income | 19.14 | 35.64 | 86.2 % |
| Operating Income | (8.74) | 3.70 | 142.3 % |
| Net Income | (17.75) | (3.86) | 78.2 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.30) | (0.06) | 78.2 % |
| Item | Q2 2022 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 270.24 | 261.15 | (3.4 %) |
| Gross Income | 40.49 | 35.64 | (12.0 %) |
| Operating Income | 10.23 | 3.70 | (63.9 %) |
| Net Income | 0.90 | (3.86) | (529.4 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | 0.02 | (0.06) | (529.4 %) |
The company turned to losses from a net profit of SAR 900,000 in Q2 2022.
Shareholders’ equity, no minority interest, dropped to SAR 635.5 million as of Sept. 30, 2022, from SAR 655.5 million a year earlier.
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