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

04/09/2023 Argaam Exclusive

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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	13.61	36.8 %
Operating Income	5.78	8.94	54.8 %
Net Income	6.29	8.50	35.2 %
Average Shares	2.00	2.00	-
EPS (Riyals)	3.15	4.25	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.

Current Half Annual Comparison (M)

Compared With The

Item	H1 2022	H1 2023	Change‬
Revenues	47.96	50.70	5.7 %
Gross Income	9.95	13.61	36.8 %
Operating Income	5.78	8.94	54.8 %
Net Income	6.29	8.50	35.2 %
Average Shares	2.00	2.00	-
EPS (Riyals)	3.15	4.25	35.2 %

Item	H2 2022	H1 2023	Change‬
Revenues	50.20	50.70	1.0 %
Gross Income	10.00	13.61	36.1 %
Operating Income	5.60	8.94	59.8 %
Net Income	8.20	8.50	3.7 %
Average Shares	2.00	2.00	-
EPS (Riyals)	4.10	4.25	3.7 %

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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