MEPCO shares close at lifetime high

08/08/2022 Argaam Special

Logo of MEPCO


Shares of Middle East Paper Co. (MEPCO) rose 3% today, Aug. 8, to close at SAR 65.30 per share, hitting their highest level since listing, with nearly 850,000 shares traded.

 

The stock touched its life-time high today at SAR 68.

 

The company recently disclosed its financial results, with Q2 2022 net profit at SAR 99.2 million, 130% year-on-year (YoY) increase.

 

Established in 2000, MEPCO was listed on the Saudi Stock Exchange (Tadawul) in May 2015.

 

The company has not changed its capital of SAR 500 million, which is divided into 50 million shares.

 

MEPCO’s main activity is producing packing and packaging paper in addition to industrial paper.

 

MEPCO Stock Performance

Annual High (SAR)

68.00

Today, Aug. 8, 2022

Annual Low (SAR)

35.70

Aug. 12, 2021

Historical High (SAR)

68.00

Today, Aug. 8, 2022

Historical Low (SAR)

10.50

March 19, 2020

Highest Trading Volume (mln shares)

25.3

May 7, 2015

 

 The following table shows the most important financial indicators of the company:

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

7.04

Operating P/E (last 12 months) (x)

9.27

Book Value (SAR)

22.46

P/B Ratio (x)

2.91

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