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

25/08/2024 Argaam Exclusive

View other reports

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 %)

Item	H2 2023	H1 2024	Change‬
Revenues	46.70	44.86	(3.9 %)
Gross Income	14.64	12.48	(14.8 %)
Operating Income	7.96	7.37	(7.5 %)
Net Income	9.23	6.85	(25.7 %)
Average Shares	1.50	1.50	-
EPS (Riyals)	6.15	4.57	(25.7 %)

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

View More Financial Results

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×