MEPCO 9M 2024 net loss shrinks to SAR 33.8M; Q3 at SAR 18.5M

11/11/2024 Argaam Exclusive

View other reports

Middle East Paper Co. (MEPCO) reported a net loss of SAR 33.8 million for the first nine months of 2024, compared to SAR 50.2 million in the year-earlier period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	642.50	775.42	20.7 %
Gross Income	82.05	136.57	66.4 %
Operating Income	(22.09)	(3.39)	84.7 %
Net Income	(50.15)	(32.82)	34.6 %
Average Shares	66.67	86.67	30.0 %
EPS (Riyals)	(0.75)	(0.38)	49.7 %

MEPCO narrowed Q3 2024 net loss to SAR 18.52 million from SAR 20.29 million in a year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	229.18	276.90	20.8 %
Gross Income	23.89	49.78	108.4 %
Operating Income	(10.42)	1.77	117.0 %
Net Income	(20.29)	(18.50)	8.8 %
Average Shares	66.67	86.67	30.0 %
EPS (Riyals)	(0.30)	(0.21)	29.9 %

Item	Q2 2024	Q3 2024	Change‬
Revenues	255.08	276.90	8.6 %
Gross Income	54.28	49.78	(8.3 %)
Operating Income	6.16	1.77	(71.3 %)
Net Income	4.04	(18.50)	(558.1 %)
Average Shares	86.67	86.67	-
EPS (Riyals)	0.05	(0.21)	(558.1 %)

On a sequential basis, MEPCO swung to a net loss from a net profit of SAR 3.4 million in Q2 2024.

Total shareholders’ equity (excluding minority interest) stood at SAR 1.65 billion by Sept. 30, 2024, compared to SAR 1.10 billion a year earlier.

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.

×