Middle East Paper Co. (MEPCO), a manufacturer of cardboard and industrial paper, reported a net profit of SAR 98.7 million for the first half of 2016, a 131 percent year-on-year (YoY) jump on the back of a non-reoccurring gain from a claim for expropriated land and premises by National Water Co.
Gross and operating profit declined mainly due to a decrease in sales value, higher cost of sales, along with higher general and administrative expenses.
Item | 6m 2015 | 6m 2016 | Change |
---|---|---|---|
Revenues | 368.84 | 341.36 | (7.5 %) |
Gross Income | 95.31 | 77.17 | (19.0 %) |
Operating Income | 54.43 | 27.53 | (49.4 %) |
Net Income | 42.77 | 105.09 | 145.7 % |
Average Shares | 66.67 | 66.67 | - |
EPS (Riyals) | 0.64 | 1.58 | 145.7 % |
Net profit for the second quarter soared 338 percent to SAR 85.6 million compared to the same quarter last year and this year’s previous quarter also due to the non-reoccurring gain.
Item | Q2 2015 | Q2 2016 | Change |
---|---|---|---|
Revenues | 184.14 | 164.82 | (10.5 %) |
Gross Income | 48.17 | 28.37 | (41.1 %) |
Operating Income | 26.28 | 3.01 | (88.6 %) |
Net Income | 19.57 | 88.31 | 351.3 % |
Average Shares | 66.67 | 66.67 | - |
EPS (Riyals) | 0.29 | 1.32 | 351.3 % |
Item | Q1 2016 | Q2 2016 | Change |
---|---|---|---|
Revenues | 176.54 | 164.82 | (6.6 %) |
Gross Income | 48.80 | 28.37 | (41.9 %) |
Operating Income | 24.52 | 3.01 | (87.7 %) |
Net Income | 16.78 | 88.31 | 426.5 % |
Average Shares | 66.67 | 66.67 | - |
EPS (Riyals) | 0.25 | 1.32 | 426.5 % |
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
Q1 2007 | - | - | - | - | - | - |
Q2 2007 | - | - | - | - | - | - |
Q3 2007 | - | - | - | - | - | - |
Q4 2007 | - | - | - | - | - | - |
2007 | - | - | - | - | - | - |
Q1 2008 | - | - | - | - | - | - |
Q2 2008 | - | - | - | - | - | - |
Q3 2008 | - | - | - | - | - | - |
Q4 2008 | - | - | - | - | - | - |
2008 | - | - | - | - | - | - |
Q1 2009 | - | - | - | - | - | - |
Q2 2009 | - | - | - | - | - | - |
Q3 2009 | - | - | - | - | - | - |
Q4 2009 | - | - | - | - | - | - |
2009 | - | - | - | - | - | - |
Q1 2010 | - | - | - | - | - | - |
Q2 2010 | - | - | - | - | - | - |
Q3 2010 | - | - | - | - | - | - |
Q4 2010 | - | - | - | - | - | - |
2010 | 471.06 | - | 149.00 | - | 96.72 | - |
Q1 2011 | - | - | - | - | - | - |
Q2 2011 | - | - | - | - | - | - |
Q3 2011 | - | - | - | - | - | - |
Q4 2011 | - | - | - | - | - | - |
2011 | 650.84 | 38.2 % | 174.94 | 17.4 % | 110.85 | 14.6 % |
Q1 2012 | - | - | - | - | - | - |
Q2 2012 | - | - | - | - | - | - |
Q3 2012 | - | - | - | - | - | - |
Q4 2012 | - | - | - | - | - | - |
2012 | 653.58 | 0.4 % | 144.11 | (17.6 %) | 62.10 | (44.0 %) |
Q1 2013 | 175.85 | - | 41.28 | - | 20.60 | - |
Q2 2013 | 195.47 | - | 50.61 | - | 29.56 | - |
Q3 2013 | 200.50 | - | 61.21 | - | 41.72 | - |
Q4 2013 | 188.35 | - | 50.81 | - | 32.76 | - |
2013 | 760.17 | 16.3 % | 203.91 | 41.5 % | 124.63 | 100.7 % |
Q1 2014 | 200.96 | 14.3 % | 52.97 | 28.3 % | 29.65 | 44.0 % |
Q2 2014 | 203.05 | 3.9 % | 59.04 | 16.7 % | 36.78 | 24.4 % |
Q3 2014 | 219.60 | 9.5 % | 68.98 | 12.7 % | 43.91 | 5.3 % |
Q4 2014 | 202.50 | 7.5 % | 53.41 | 5.1 % | 31.88 | (2.7 %) |
2014 | 826.43 | 8.7 % | 234.71 | 15.1 % | 141.99 | 13.9 % |
Q1 2015 | 184.71 | (8.1 %) | 47.14 | (11.0 %) | 28.15 | (5.1 %) |
Q2 2015 | 184.14 | (9.3 %) | 48.17 | (18.4 %) | 26.28 | (28.5 %) |
Q3 2015 | 172.83 | (21.3 %) | 41.85 | (39.3 %) | 16.89 | (61.5 %) |
Q4 2015 | 139.50 | (31.1 %) | 35.70 | (33.2 %) | 10.55 | (66.9 %) |
2015 | 681.17 | (17.6 %) | 172.86 | (26.4 %) | 81.87 | (42.3 %) |
Q1 2016 | 176.54 | (4.4 %) | 48.80 | 3.5 % | 24.52 | (12.9 %) |
Q2 2016 | 164.82 | (10.5 %) | 28.37 | (41.1 %) | 3.01 | (88.6 %) |
Period | Revenues | Change | Gross Income | Change | Operating Income | Change |
---|---|---|---|---|---|---|
2006 | - | - | - | - | - | - |
2007 | - | - | - | - | - | - |
2008 | - | - | - | - | - | - |
2009 | - | - | - | - | - | - |
2010 | 471.06 | - | 149.00 | - | 96.72 | - |
2011 | 650.84 | 38.2 % | 174.94 | 17.4 % | 110.85 | 14.6 % |
2012 | 653.58 | 0.4 % | 144.11 | (17.6 %) | 62.10 | (44.0 %) |
2013 | 760.17 | 16.3 % | 203.91 | 41.5 % | 124.63 | 100.7 % |
2014 | 826.43 | 8.7 % | 234.71 | 15.1 % | 141.99 | 13.9 % |
2015 | 681.17 | (17.6 %) | 172.86 | (26.4 %) | 81.87 | (42.3 %) |
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
Q1 2007 | - | - | - | - | - | - |
Q2 2007 | - | - | - | - | - | - |
Q3 2007 | - | - | - | - | - | - |
Q4 2007 | - | - | - | - | - | - |
2007 | - | - | - | - | - | - |
Q1 2008 | - | - | - | - | - | - |
Q2 2008 | - | - | - | - | - | - |
Q3 2008 | - | - | - | - | - | - |
Q4 2008 | - | - | - | - | - | - |
2008 | - | - | - | - | - | - |
Q1 2009 | - | - | - | - | - | - |
Q2 2009 | - | - | - | - | - | - |
Q3 2009 | - | - | - | - | - | - |
Q4 2009 | - | - | - | - | - | - |
2009 | - | - | - | - | - | - |
Q1 2010 | - | - | - | - | - | - |
Q2 2010 | - | - | - | - | - | - |
Q3 2010 | - | - | - | - | - | - |
Q4 2010 | - | - | - | - | - | - |
2010 | 80.64 | - | 1.21 | - | 80.64 | 1.21 |
Q1 2011 | - | - | - | - | - | - |
Q2 2011 | - | - | - | - | - | - |
Q3 2011 | - | - | - | - | - | - |
Q4 2011 | - | - | - | - | - | - |
2011 | 85.75 | 6.3 % | 1.29 | 0.37 | 85.38 | 1.28 |
Q1 2012 | - | - | - | - | - | - |
Q2 2012 | - | - | - | - | - | - |
Q3 2012 | - | - | - | - | - | - |
Q4 2012 | - | - | - | - | - | - |
2012 | 37.83 | (55.9 %) | 0.57 | - | 37.83 | 0.57 |
Q1 2013 | 11.26 | - | 0.17 | - | 11.26 | 0.17 |
Q2 2013 | 22.76 | - | 0.34 | - | 22.76 | 0.34 |
Q3 2013 | 31.50 | - | 0.47 | - | 31.50 | 0.47 |
Q4 2013 | 22.56 | - | 0.34 | - | 22.56 | 0.34 |
2013 | 88.08 | 132.8 % | 1.32 | - | 88.08 | 1.32 |
Q1 2014 | 22.83 | 102.7 % | 0.34 | - | 22.83 | 0.34 |
Q2 2014 | 29.26 | 28.6 % | 0.44 | - | 29.26 | 0.44 |
Q3 2014 | 36.35 | 15.4 % | 0.55 | - | 36.35 | 0.55 |
Q4 2014 | 22.91 | 1.5 % | 0.34 | - | 22.91 | 0.34 |
2014 | 111.34 | 26.4 % | 1.67 | - | 111.34 | 1.67 |
Q1 2015 | 23.20 | 1.6 % | 0.35 | - | 23.20 | 0.35 |
Q2 2015 | 19.57 | (33.1 %) | 0.29 | - | 19.57 | 0.29 |
Q3 2015 | 9.58 | (73.6 %) | 0.14 | - | 9.58 | 0.14 |
Q4 2015 | 2.77 | (87.9 %) | 0.04 | - | 2.77 | 0.04 |
2015 | 55.12 | (50.5 %) | 0.83 | - | 55.12 | 0.83 |
Q1 2016 | 16.78 | (27.7 %) | 0.25 | - | 16.78 | 0.25 |
Q2 2016 | 88.31 | 351.3 % | 1.32 | 91.96 | (3.65) | (0.05) |
Period | Net Income | Change | EPS(Riyal) | Extraordinary Income/Expense | Net Profit Before Unusual Items | EPS Before XO Items |
---|---|---|---|---|---|---|
2006 | - | - | - | - | - | - |
2007 | - | - | - | - | - | - |
2008 | - | - | - | - | - | - |
2009 | - | - | - | - | - | - |
2010 | 80.64 | - | 1.21 | - | 80.64 | 1.21 |
2011 | 85.75 | 6.3 % | 1.29 | 0.37 | 85.38 | 1.28 |
2012 | 37.83 | (55.9 %) | 0.57 | - | 37.83 | 0.57 |
2013 | 88.08 | 132.8 % | 1.32 | - | 88.08 | 1.32 |
2014 | 111.34 | 26.4 % | 1.67 | - | 111.34 | 1.67 |
2015 | 55.12 | (50.5 %) | 0.83 | - | 55.12 | 0.83 |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2007 | - | - | - |
Q2 2007 | - | - | - |
Q3 2007 | - | - | - |
Q4 2007 | - | - | - |
2007 | - | - | - |
Q1 2008 | - | - | - |
Q2 2008 | - | - | - |
Q3 2008 | - | - | - |
Q4 2008 | - | - | - |
2008 | - | - | - |
Q1 2009 | - | - | - |
Q2 2009 | - | - | - |
Q3 2009 | - | - | - |
Q4 2009 | - | - | - |
2009 | - | - | - |
Q1 2010 | - | - | - |
Q2 2010 | - | - | - |
Q3 2010 | - | - | - |
Q4 2010 | - | - | - |
2010 | 31.63 % | 28.89 % | 17.12 % |
Q1 2011 | - | - | - |
Q2 2011 | - | - | - |
Q3 2011 | - | - | - |
Q4 2011 | - | - | - |
2011 | 26.88 % | 25.75 % | 13.12 % |
Q1 2012 | - | - | - |
Q2 2012 | - | - | - |
Q3 2012 | - | - | - |
Q4 2012 | - | - | - |
2012 | 22.05 % | 20.10 % | 5.79 % |
Q1 2013 | - | - | - |
Q2 2013 | - | - | - |
Q3 2013 | - | - | - |
Q4 2013 | 26.82 % | 26.56 % | 11.59 % |
2013 | 26.82 % | 26.56 % | 11.59 % |
Q1 2014 | 27.46 % | 27.05 % | 12.69 % |
Q2 2014 | 28.26 % | 28.06 % | 13.39 % |
Q3 2014 | 28.55 % | 28.01 % | 13.67 % |
Q4 2014 | 28.37 % | 27.86 % | 13.48 % |
2014 | 28.40 % | 27.82 % | 13.47 % |
Q1 2015 | 28.22 % | 28.65 % | 13.79 % |
Q2 2015 | 27.52 % | 28.28 % | 12.90 % |
Q3 2015 | 25.61 % | 26.90 % | 10.11 % |
Q4 2015 | 25.38 % | 26.78 % | 8.09 % |
2015 | 25.38 % | 26.78 % | 8.09 % |
Q1 2016 | 25.93 % | 25.91 % | 7.23 % |
Q2 2016 | 23.67 % | 22.33 % | 3.90 % |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
2006 | - | - | - |
2007 | - | - | - |
2008 | - | - | - |
2009 | - | - | - |
2010 | 31.63 % | 28.89 % | 17.12 % |
2011 | 26.88 % | 25.75 % | 13.12 % |
2012 | 22.05 % | 20.10 % | 5.79 % |
2013 | 26.82 % | 26.56 % | 11.59 % |
2014 | 28.40 % | 27.82 % | 13.47 % |
2015 | 25.38 % | 26.78 % | 8.09 % |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2007 | - | - | - |
Q2 2007 | - | - | - |
Q3 2007 | - | - | - |
Q4 2007 | - | - | - |
Q1 2008 | - | - | - |
Q2 2008 | - | - | - |
Q3 2008 | - | - | - |
Q4 2008 | - | - | - |
Q1 2009 | - | - | - |
Q2 2009 | - | - | - |
Q3 2009 | - | - | - |
Q4 2009 | - | - | - |
Q1 2010 | - | - | - |
Q2 2010 | - | - | - |
Q3 2010 | - | - | - |
Q4 2010 | - | - | - |
Q1 2011 | - | - | - |
Q2 2011 | - | - | - |
Q3 2011 | - | - | - |
Q4 2011 | - | - | - |
Q1 2012 | - | - | - |
Q2 2012 | - | - | - |
Q3 2012 | - | - | - |
Q4 2012 | - | - | - |
Q1 2013 | 23.47 % | 22.52 % | 6.40 % |
Q2 2013 | 25.89 % | 24.97 % | 11.64 % |
Q3 2013 | 30.53 % | 30.42 % | 15.71 % |
Q4 2013 | 26.98 % | 27.88 % | 11.98 % |
Q1 2014 | 26.36 % | 24.92 % | 11.36 % |
Q2 2014 | 29.08 % | 28.99 % | 14.41 % |
Q3 2014 | 31.41 % | 30.06 % | 16.55 % |
Q4 2014 | 26.38 % | 27.25 % | 11.31 % |
Q1 2015 | 25.52 % | 28.12 % | 12.56 % |
Q2 2015 | 26.16 % | 27.47 % | 10.63 % |
Q3 2015 | 24.21 % | 24.58 % | 5.54 % |
Q4 2015 | 25.59 % | 26.81 % | 1.99 % |
Q1 2016 | 27.64 % | 24.86 % | 9.50 % |
Q2 2016 | 17.21 % | 13.48 % | (2.21 %) |
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2007 | - | - | - | - |
Q2 2007 | - | - | - | - |
Q3 2007 | - | - | - | - |
Q4 2007 | - | - | - | - |
Q1 2008 | - | - | - | - |
Q2 2008 | - | - | - | - |
Q3 2008 | - | - | - | - |
Q4 2008 | - | - | - | - |
Q1 2009 | - | - | - | - |
Q2 2009 | - | - | - | - |
Q3 2009 | - | - | - | - |
Q4 2009 | - | - | - | - |
Q1 2010 | - | - | - | - |
Q2 2010 | - | - | - | - |
Q3 2010 | - | - | - | - |
Q4 2010 | - | - | - | - |
Q1 2011 | - | - | - | - |
Q2 2011 | - | - | - | - |
Q3 2011 | - | - | - | - |
Q4 2011 | 66.67 | - | - | 6.47 |
Q1 2012 | - | - | - | - |
Q2 2012 | - | - | - | - |
Q3 2012 | - | - | - | - |
Q4 2012 | 66.67 | - | - | 7.04 |
Q1 2013 | 66.67 | - | - | 7.21 |
Q2 2013 | 66.67 | - | - | 7.55 |
Q3 2013 | 66.67 | - | - | 8.02 |
Q4 2013 | 66.67 | 1.32 | 1.32 | 7.99 |
Q1 2014 | 66.67 | 1.49 | 1.49 | 8.33 |
Q2 2014 | 66.67 | 1.59 | 1.59 | 8.15 |
Q3 2014 | 66.67 | 1.66 | 1.66 | 8.70 |
Q4 2014 | 66.67 | 1.67 | 1.67 | 9.04 |
Q1 2015 | 66.67 | 1.68 | 1.68 | 9.39 |
Q2 2015 | 66.67 | 1.53 | 1.53 | 9.68 |
Q3 2015 | 66.67 | 1.13 | 1.13 | 9.83 |
Q4 2015 | 66.67 | 0.83 | 0.83 | 9.87 |
Q1 2016 | 66.67 | 0.73 | 0.73 | 9.62 |
Q2 2016 | 66.67 | 1.76 | 0.38 | 10.57 |
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
2006 | - | - | - | - |
2007 | - | - | - | - |
2008 | - | - | - | - |
2009 | - | - | - | - |
2010 | 66.67 | 1.21 | 1.21 | 5.15 |
2011 | 66.67 | 1.29 | 1.28 | 6.47 |
2012 | 66.67 | 0.57 | 0.57 | 7.04 |
2013 | 66.67 | 1.32 | 1.32 | 7.99 |
2014 | 66.67 | 1.67 | 1.67 | 9.04 |
2015 | 66.67 | 0.83 | 0.83 | 9.87 |
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2007 | - | - | - |
Q2 2007 | - | - | - |
Q3 2007 | - | - | - |
Q4 2007 | - | - | - |
Q1 2008 | - | - | - |
Q2 2008 | - | - | - |
Q3 2008 | - | - | - |
Q4 2008 | - | - | - |
Q1 2009 | - | - | - |
Q2 2009 | - | - | - |
Q3 2009 | - | - | - |
Q4 2009 | - | - | - |
Q1 2010 | - | - | - |
Q2 2010 | - | - | - |
Q3 2010 | - | - | - |
Q4 2010 | - | - | - |
Q1 2011 | - | - | - |
Q2 2011 | - | - | - |
Q3 2011 | - | - | - |
Q4 2011 | - | - | - |
Q1 2012 | - | - | - |
Q2 2012 | - | - | - |
Q3 2012 | - | - | - |
Q4 2012 | - | - | - |
Q1 2013 | - | - | - |
Q2 2013 | - | - | - |
Q3 2013 | - | - | - |
Q4 2013 | - | - | - |
Q1 2014 | - | - | - |
Q2 2014 | - | - | - |
Q3 2014 | - | - | - |
Q4 2014 | - | - | - |
Q1 2015 | - | - | - |
Q2 2015 | 26.14 | 26.14 | 4.13 |
Q3 2015 | 25.29 | 25.29 | 2.90 |
Q4 2015 | 30.07 | 30.07 | 2.52 |
Q1 2016 | 24.74 | 24.74 | 1.88 |
Q2 2016 | 10.23 | 47.15 | 1.71 |
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
2006 | - | - | - |
2007 | - | - | - |
2008 | - | - | - |
2009 | - | - | - |
2010 | - | - | - |
2011 | - | - | - |
2012 | - | - | - |
2013 | - | - | - |
2014 | - | - | - |
2015 | 30.07 | 30.07 | 2.52 |
Q2 2016
2016
Period | The industrial sector | The commercial sector | Disposals |
---|---|---|---|
Q1 2013 | 158.35 | 71.46 | (53.97) |
Q2 2013 | 178.71 | 81.47 | (64.72) |
Q3 2013 | 185.64 | 77.94 | (63.08) |
Q4 2013 | 178.20 | 71.61 | (61.46) |
Q1 2014 | 189.39 | 64.27 | (52.69) |
Q2 2014 | 186.73 | 82.23 | (65.90) |
Q3 2014 | 204.13 | 83.05 | (67.58) |
Q4 2014 | 190.08 | 90.98 | (78.55) |
Q1 2015 | 149.78 | 73.94 | (39.01) |
Q2 2015 | 170.79 | 72.52 | (59.17) |
Q3 2015 | 171.60 | 59.18 | (57.94) |
Q4 2015 | 142.39 | 54.31 | (57.21) |
Q1 2016 | 167.90 | 61.40 | (52.77) |
Q2 2016 | 147.30 | 58.38 | (40.87) |
Period | The industrial sector | The commercial sector | Disposals |
---|---|---|---|
2010 | 436.11 | 187.36 | (152.41) |
2011 | 594.94 | 275.56 | (219.67) |
2012 | 605.97 | 258.03 | (210.42) |
2013 | 700.91 | 302.48 | (243.22) |
2014 | 770.32 | 320.84 | (264.73) |
2015 | 634.56 | 259.95 | (213.34) |
Current | |
Market Cap (M Riyal) | 3,024.78 |
Enterprise Value (EV) (M) | 3,046.79 |
Shares Outstanding ((M)) | 86.67 |
EPS ( Riyal) (TTM) | (0.79) |
Book Value (BV) ( Riyal) | 19.07 |
Par Value ( Riyal) | 10.00 |
Adjusted P/E (Last12) | Neg |
P/E (TTM) | NEG |
Price/book | 1.83 |
Return on Average Assets (%) (TTM) | (3.01 ) |
Return on Average Equity (%) (TTM) | (4.96 ) |
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