Paper Home H1 2024 net profit down 19% to SAR 6.9M

25/08/2024 Argaam Exclusive

Paper Home Co. posted SAR 6.9 million in net profit for H1 2024, a decline of 19% from SAR 8.5 million.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 50.70 44.86 (11.5 %)
Gross Income 13.61 12.48 (8.4 %)
Operating Income 8.94 7.37 (17.6 %)
Net Income 8.50 6.85 (19.4 %)
Average Shares 1.50 1.50 -
EPS (Riyals) 5.67 4.57 (19.4 %)


Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 50.70 44.86 (11.5 %)
Gross Income 13.61 12.48 (8.4 %)
Operating Income 8.94 7.37 (17.6 %)
Net Income 8.50 6.85 (19.4 %)
Average Shares 1.50 1.50 -
EPS (Riyals) 5.67 4.57 (19.4 %)

The company attributed the annual profit decline to lower revenues due to the 18% year-on-year (YoY) drop in selling prices of paper products.

 

Shareholders' equity (no minority interest) amounted to SAR 72.30 million by the end of June 30, 2024, compared to SAR 56.47 million in the year-ago period.

 

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 

H2 2023 

46.70 

9.23 

6.15 

H1 2024 

44.86 

6.85 

4.57 

 

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Share Price

Paper Home Co.
217.00
2.00 0.93 %

Paper Home Co. (PAPER HOME)

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Financial Ratios
Current
Market Cap (M Riyal) 325.50
Enterprise Value (EV) (M) 325.00
Shares Outstanding ((M)) 1.50
Book Value (BV) ( Riyal) 43.64
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 19.85
Price/book 4.97
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