Paper Home H1 2023 profit jumps 35% to SAR 8.5 mln

04/09/2023 Argaam Exclusive

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Share Price

238.00
0.00 0.00 %

Paper Home Co. (PAPER HOME)

​Paper Home Co. reported a 35% leap in its H1 2023 net profit to SAR 8.5 million from SAR 6.3 million in H1 2022.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 47.96 50.70 5.7 %
Gross Income 9.95 14.53 45.9 %
Operating Income 5.78 8.94 54.8 %
Net Income 6.29 8.50 35.2 %
Average Shares 1.50 1.50 -
EPS (Riyals) 4.19 5.67 35.2 %

The profit growth was driven by higher sales value and lower paper raw cost.

 

Shareholders' equity, with no minority interest, rose to SAR 56.47 million in H1 2023 from SAR 39.73 million in 2021.


Historical Data 

Period  

Revenue 

(SAR mln)  

Net Profit 

(SAR mln)   

EPS 

(SAR)  

H1 2022  

47.96

6.29

4.19

H2 2022  

50.19

8.20

5.47

H1 2023  

50.70

8.50

5.67

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