Saudi Printing widens losses to SAR 93.7M in H1 2024; Q2 at SAR 71.1M

30/07/2024 Argaam Exclusive

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Saudi Printing and Packaging Co. (SPPC) widened its net losses to SAR 93.7 million in the first six months of 2024, from SAR 35.4 million a year earlier.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	402.82	361.35	(10.3 %)
Gross Income	50.82	29.53	(41.9 %)
Operating Income	(7.47)	(32.87)	(340.1 %)
Net Income	(35.44)	(93.74)	(164.5 %)
Average Shares	60.00	60.00	-
EPS (Riyals)	(0.59)	(1.56)	(164.5 %)

SPPC noted lower revenues in the packaging business as raw material prices declined, which reflected in selling prices. In addition, the printing segment witnessed a drop in revenues due to the failure to obtain certain planned projects.

The company reported an increase in net loss during the current period, which led to a decrease in the value of property, equipment and the stock of unproduced spare parts in the printing sector amounting to SAR 30.46 million.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	191.89	174.45	(9.1 %)
Gross Income	22.22	9.74	(56.2 %)
Operating Income	(5.85)	(53.54)	(815.8 %)
Net Income	(20.12)	(71.12)	(253.4 %)
Average Shares	60.00	60.00	-
EPS (Riyals)	(0.34)	(1.19)	(253.4 %)

Item	Q1 2024	Q2 2024	Change‬
Revenues	186.90	174.45	(6.7 %)
Gross Income	19.78	9.74	(50.7 %)
Operating Income	(9.80)	(53.54)	(446.6 %)
Net Income	(22.62)	(71.12)	(214.4 %)
Average Shares	60.00	60.00	-
EPS (Riyals)	(0.38)	(1.19)	(214.4 %)

In Q2 2024, losses deepened to SAR 71.12 million from SAR 20.12 million in Q2 2023.

Sequentially, SPPC widened losses from SAR 22.62 million in Q1 2024.

Total shareholders’ equity, no minority interest, fell to SAR 407.74 million as of June 30, 2024, from SAR 602.49 million a year earlier.

Accumulated losses stood at SAR 194.78 million at the end of the six-month period, representing 32.5% of capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	282.77	(1.0 %)	61.95	3.9 %	13.03	(39.2 %)
Q2 2015	291.81	(10.9 %)	68.07	(0.8 %)	25.06	8.4 %
Q3 2015	257.88	(18.6 %)	55.98	(3.2 %)	8.61	(42.0 %)
Q4 2015	275.30	(9.1 %)	46.35	(21.0 %)	(9.96)	(207.7 %)
2015	1,107.76	(10.1 %)	232.84	(4.7 %)	41.55	(39.2 %)
Q1 2016	254.40	(10.0 %)	55.46	(10.5 %)	10.50	(19.4 %)
Q2 2016	259.38	(11.1 %)	55.65	(18.2 %)	11.82	(52.8 %)
Q3 2016	251.33	(2.5 %)	40.49	(27.7 %)	(0.34)	(103.9 %)
Q4 2016	240.29	(12.7 %)	37.63	(18.8 %)	(15.92)	(59.8 %)
2016	1,005.39	(9.2 %)	189.23	(18.7 %)	6.07	(85.4 %)
Q1 2017	242.31	(4.8 %)	40.33	(27.3 %)	(3.67)	(134.9 %)
Q2 2017	253.08	(2.4 %)	40.06	(28.0 %)	2.63	(77.8 %)
Q3 2017	251.48	0.1 %	41.74	3.1 %	7.18	2223.4 %
Q4 2017	244.81	1.9 %	35.16	(6.6 %)	(5.35)	66.4 %
2017	991.68	(1.4 %)	157.29	(16.9 %)	6.41	5.7 %
Q1 2018	202.57	(16.4 %)	25.02	(38.0 %)	(6.05)	(65.1 %)
Q2 2018	256.11	1.2 %	37.75	(5.8 %)	6.25	137.8 %
Q3 2018	276.34	9.9 %	30.63	(26.6 %)	0.39	(94.6 %)
Q4 2018	283.47	15.8 %	30.51	(13.2 %)	(3.48)	35.0 %
2018	1,018.49	2.7 %	123.91	(21.2 %)	(2.89)	(145.1 %)
Q1 2019	202.04	(0.3 %)	21.16	(15.4 %)	(8.75)	(44.6 %)
Q2 2019	237.62	(7.2 %)	29.23	(22.6 %)	(0.44)	(107.1 %)
Q3 2019	252.51	(8.6 %)	46.06	50.4 %	15.18	3791.3 %
Q4 2019	232.17	(18.1 %)	34.62	13.5 %	0.97	127.8 %
2019	924.34	(9.2 %)	131.06	5.8 %	6.95	340.4 %
Q1 2020	194.27	(3.8 %)	26.89	27.1 %	(3.05)	65.2 %
Q2 2020	199.63	(16.0 %)	37.40	28.0 %	8.58	2041.0 %
Q3 2020	204.45	(19.0 %)	38.23	(17.0 %)	8.54	(43.7 %)
Q4 2020	169.34	(27.1 %)	25.83	(25.4 %)	(0.11)	(111.7 %)
2020	767.69	(16.9 %)	127.42	(2.8 %)	13.96	100.8 %
Q1 2021	173.44	(10.7 %)	22.87	(14.9 %)	(5.17)	(69.7 %)
Q2 2021	194.21	(2.7 %)	21.34	(42.9 %)	(6.26)	(172.9 %)
Q3 2021	203.61	(0.4 %)	19.14	(49.9 %)	(8.74)	(202.4 %)
Q4 2021	212.38	25.4 %	25.62	(0.8 %)	(3.02)	(2,571.7 %)
2021	783.64	2.1 %	88.98	(30.2 %)	(23.19)	(266.1 %)
Q1 2022	236.42	36.3 %	34.20	49.5 %	0.06	101.2 %
Q2 2022	270.24	39.1 %	40.49	89.8 %	10.23	263.6 %
Q3 2022	261.15	28.3 %	35.64	86.2 %	3.70	142.3 %
Q4 2022	232.29	9.4 %	32.07	25.1 %	5.72	289.4 %
2022	1,000.09	27.6 %	142.39	60.0 %	19.71	185.0 %
Q1 2023	210.93	(10.8 %)	28.60	(16.4 %)	(1.62)	(2719.5 %)
Q2 2023	191.89	(29.0 %)	22.22	(45.1 %)	(5.85)	(157.1 %)
Q3 2023	204.26	(21.8 %)	18.43	(48.3 %)	(7.61)	(305.6 %)
Q4 2023	172.08	(25.9 %)	13.19	(58.9 %)	(22.23)	(488.8 %)
2023	779.16	(22.1 %)	82.44	(42.1 %)	(37.31)	(289.3 %)
Q1 2024	186.90	(11.4 %)	19.78	(30.8 %)	(9.80)	(503.1 %)
Q2 2024	174.45	(9.1 %)	9.74	(56.2 %)	(53.54)	(815.8 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	1,232.33	7.9 %	244.45	4.1 %	68.37	(29.2 %)
2015	1,107.76	(10.1 %)	232.84	(4.7 %)	41.55	(39.2 %)
2016	1,005.39	(9.2 %)	189.23	(18.7 %)	6.07	(85.4 %)
2017	991.68	(1.4 %)	157.29	(16.9 %)	6.41	5.7 %
2018	1,018.49	2.7 %	123.91	(21.2 %)	(2.89)	(145.1 %)
2019	924.34	(9.2 %)	131.06	5.8 %	6.95	340.4 %
2020	767.69	(16.9 %)	127.42	(2.8 %)	13.96	100.8 %
2021	783.64	2.1 %	88.98	(30.2 %)	(23.19)	(266.1 %)
2022	1,000.09	27.6 %	142.39	60.0 %	19.71	185.0 %
2023	779.16	(22.1 %)	82.44	(42.1 %)	(37.31)	(289.3 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	11.61	22.7 %	0.19	10.30	1.31	0.02
Q2 2015	28.21	125.7 %	0.47	14.68	13.53	0.23
Q3 2015	10.89	(9.8 %)	0.18	16.47	(5.58)	(0.09)
Q4 2015	(29.74)	(713.7 %)	(0.50)	(13.20)	(16.54)	(0.28)
2015	21.65	(52.3 %)	0.36	28.63	(6.98)	(0.12)
Q1 2016	3.82	(67.1 %)	0.06	5.71	(1.89)	(0.03)
Q2 2016	0.39	(98.6 %)	0.01	1.41	(1.02)	(0.02)
Q3 2016	(11.51)	(205.6 %)	(0.19)	-	(11.51)	(0.19)
Q4 2016	(26.16)	12.1 %	(0.44)	-	(26.16)	(0.44)
2016	(33.46)	(254.5 %)	(0.56)	7.11	(40.57)	(0.68)
Q1 2017	(15.80)	(514.2 %)	(0.26)	-	(15.80)	(0.26)
Q2 2017	(12.81)	(3385.4 %)	(0.21)	-	(12.81)	(0.21)
Q3 2017	(4.58)	60.2 %	(0.08)	-	(4.58)	(0.08)
Q4 2017	(36.26)	(38.6 %)	(0.60)	(20.31)	(15.96)	(0.27)
2017	(69.45)	(107.6 %)	(1.16)	(20.31)	(49.15)	(0.82)
Q1 2018	(18.66)	(18.1 %)	(0.31)	-	(18.66)	(0.31)
Q2 2018	(3.07)	76.1 %	(0.05)	-	(3.07)	(0.05)
Q3 2018	(11.83)	(158.6 %)	(0.20)	-	(11.83)	(0.20)
Q4 2018	(20.81)	42.6 %	(0.35)	-	(20.81)	(0.35)
2018	(54.37)	21.7 %	(0.91)	-	(54.37)	(0.91)
Q1 2019	(23.02)	(23.4 %)	(0.38)	-	(23.02)	(0.38)
Q2 2019	(13.69)	(346.6 %)	(0.23)	-	(13.69)	(0.23)
Q3 2019	2.71	122.9 %	0.05	-	2.71	0.05
Q4 2019	(4.76)	77.1 %	(0.08)	7.42	(12.18)	(0.20)
2019	(38.76)	28.7 %	(0.65)	7.42	(46.18)	(0.77)
Q1 2020	(14.91)	35.2 %	(0.25)	-	(14.91)	(0.25)
Q2 2020	1.49	110.9 %	0.02	-	1.49	0.02
Q3 2020	1.82	(32.6 %)	0.03	-	1.82	0.03
Q4 2020	(8.95)	(88.0 %)	(0.15)	-	(8.95)	(0.15)
2020	(20.55)	47.0 %	(0.34)	-	(20.55)	(0.34)
Q1 2021	(13.56)	9.1 %	(0.23)	-	(13.56)	(0.23)
Q2 2021	(15.35)	(1128.3 %)	(0.26)	-	(15.35)	(0.26)
Q3 2021	(17.75)	(1073.2 %)	(0.30)	-	(17.75)	(0.30)
Q4 2021	(12.64)	(41.2 %)	(0.21)	-	(12.64)	(0.21)
2021	(59.30)	(188.6 %)	(0.99)	-	(59.30)	(0.99)
Q1 2022	(3.28)	75.8 %	(0.05)	5.10	(8.38)	(0.14)
Q2 2022	0.90	105.9 %	0.02	-	0.90	0.02
Q3 2022	(3.86)	78.2 %	(0.06)	3.06	(6.92)	(0.12)
Q4 2022	(2.97)	76.5 %	(0.05)	0.51	(3.48)	(0.06)
2022	(9.22)	84.5 %	(0.15)	8.67	(17.89)	(0.30)
Q1 2023	(15.32)	(367.0 %)	(0.26)	-	(15.32)	(0.26)
Q2 2023	(20.12)	(2335.8 %)	(0.34)	-	(20.12)	(0.34)
Q3 2023	(21.91)	(466.9 %)	(0.37)	-	(21.91)	(0.37)
Q4 2023	(74.96)	(2,419.6 %)	(1.25)	(36.02)	(38.94)	(0.65)
2023	(132.30)	(1,335.0 %)	(2.21)	(36.02)	(96.28)	(1.60)
Q1 2024	(22.62)	(47.7 %)	(0.38)	-	(22.62)	(0.38)
Q2 2024	(71.12)	(253.4 %)	(1.19)	(28.65)	(42.47)	(0.71)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	45.38	(12.6 %)	0.76	25.45	19.93	0.33
2015	21.65	(52.3 %)	0.36	28.63	(6.98)	(0.12)
2016	(33.46)	(254.5 %)	(0.56)	7.11	(40.57)	(0.68)
2017	(69.45)	(107.6 %)	(1.16)	(20.31)	(49.15)	(0.82)
2018	(54.37)	21.7 %	(0.91)	-	(54.37)	(0.91)
2019	(38.76)	28.7 %	(0.65)	7.42	(46.18)	(0.77)
2020	(20.55)	47.0 %	(0.34)	-	(20.55)	(0.34)
2021	(59.30)	(188.6 %)	(0.99)	-	(59.30)	(0.99)
2022	(9.22)	84.5 %	(0.15)	8.67	(17.89)	(0.30)
2023	(132.30)	(1,335.0 %)	(2.21)	(36.02)	(96.28)	(1.60)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	20.09 %	10.94 %	0.46 %
Q2 2015	20.64 %	11.57 %	0.56 %
Q3 2015	21.55 %	11.40 %	(0.97 %)
Q4 2015	20.98 %	10.00 %	(0.66 %)
2015	21.02 %	10.43 %	(0.63 %)
Q1 2016	20.93 %	10.03 %	(0.97 %)
Q2 2016	20.39 %	9.10 %	(2.39 %)
Q3 2016	19.03 %	8.58 %	(2.98 %)
Q4 2016	18.82 %	8.52 %	(4.04 %)
2016	18.82 %	8.52 %	(4.04 %)
Q1 2017	17.53 %	7.41 %	(5.48 %)
Q2 2017	16.06 %	6.54 %	(6.71 %)
Q3 2017	16.18 %	7.34 %	(6.01 %)
Q4 2017	15.86 %	8.23 %	(4.96 %)
2017	15.86 %	8.80 %	(4.96 %)
Q1 2018	14.91 %	8.18 %	(5.46 %)
Q2 2018	14.63 %	8.59 %	(4.43 %)
Q3 2018	13.12 %	7.69 %	(5.05 %)
Q4 2018	12.17 %	7.46 %	(5.34 %)
2018	12.17 %	7.46 %	(5.34 %)
Q1 2019	11.79 %	7.11 %	(5.77 %)
Q2 2019	11.16 %	6.08 %	(6.94 %)
Q3 2019	13.01 %	7.61 %	(5.62 %)
Q4 2019	14.18 %	8.86 %	(5.00 %)
2019	14.18 %	8.86 %	(5.00 %)
Q1 2020	14.93 %	9.56 %	(4.15 %)
Q2 2020	16.50 %	10.40 %	(2.61 %)
Q3 2020	16.51 %	9.85 %	(2.86 %)
Q4 2020	16.72 %	9.27 %	(2.68 %)
2020	16.60 %	9.27 %	(2.68 %)
Q1 2021	16.65 %	8.37 %	(2.57 %)
Q2 2021	14.60 %	6.65 %	(4.86 %)
Q3 2021	12.04 %	3.99 %	(7.51 %)
Q4 2021	11.35 %	3.51 %	(7.57 %)
2021	11.35 %	3.51 %	(7.57 %)
Q1 2022	11.85 %	3.93 %	(6.39 %)
Q2 2022	12.95 %	5.44 %	(4.10 %)
Q3 2022	13.87 %	6.44 %	(2.76 %)
Q4 2022	14.24 %	7.66 %	(1.79 %)
2022	14.24 %	7.66 %	(1.79 %)
Q1 2023	14.04 %	7.90 %	(2.55 %)
Q2 2023	13.22 %	6.96 %	(5.12 %)
Q3 2023	12.07 %	6.15 %	(7.25 %)
Q4 2023	10.58 %	2.62 %	(12.36 %)
2023	10.58 %	2.62 %	(12.36 %)
Q1 2024	9.75 %	1.61 %	(13.72 %)
Q2 2024	8.29 %	(4.62 %)	(17.07 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	19.84 %	11.53 %	1.62 %
2015	21.02 %	10.43 %	(0.63 %)
2016	18.82 %	8.52 %	(4.04 %)
2017	15.86 %	8.80 %	(4.96 %)
2018	12.17 %	7.46 %	(5.34 %)
2019	14.18 %	8.86 %	(5.00 %)
2020	16.60 %	9.27 %	(2.68 %)
2021	11.35 %	3.51 %	(7.57 %)
2022	14.24 %	7.66 %	(1.79 %)
2023	10.58 %	2.62 %	(12.36 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	21.91 %	11.13 %	0.46 %
Q2 2015	23.33 %	15.44 %	4.64 %
Q3 2015	21.71 %	9.70 %	(2.16 %)
Q4 2015	16.84 %	3.35 %	(6.01 %)
Q1 2016	21.80 %	11.39 %	(0.74 %)
Q2 2016	21.46 %	12.37 %	(0.39 %)
Q3 2016	16.11 %	7.56 %	(4.58 %)
Q4 2016	15.66 %	2.33 %	(10.89 %)
Q1 2017	16.65 %	6.97 %	(6.52 %)
Q2 2017	15.83 %	9.11 %	(5.06 %)
Q3 2017	16.60 %	10.69 %	(1.82 %)
Q4 2017	14.36 %	6.06 %	(6.52 %)
Q1 2018	12.35 %	6.47 %	(9.21 %)
Q2 2018	14.74 %	10.64 %	(1.20 %)
Q3 2018	11.08 %	7.28 %	(4.28 %)
Q4 2018	10.76 %	5.45 %	(7.34 %)
Q1 2019	10.47 %	4.75 %	(11.39 %)
Q2 2019	12.30 %	6.57 %	(5.76 %)
Q3 2019	18.24 %	13.32 %	1.07 %
Q4 2019	14.91 %	9.92 %	(5.25 %)
Q1 2020	13.84 %	7.90 %	(7.68 %)
Q2 2020	18.73 %	9.69 %	0.75 %
Q3 2020	18.70 %	11.77 %	0.89 %
Q4 2020	15.25 %	7.32 %	(5.28 %)
Q1 2021	13.19 %	3.85 %	(7.82 %)
Q2 2021	10.99 %	3.15 %	(7.90 %)
Q3 2021	9.40 %	2.14 %	(8.72 %)
Q4 2021	12.06 %	4.87 %	(5.95 %)
Q1 2022	14.46 %	5.27 %	(3.54 %)
Q2 2022	14.98 %	8.53 %	0.33 %
Q3 2022	13.65 %	6.61 %	(2.65 %)
Q4 2022	13.80 %	10.27 %	(1.50 %)
Q1 2023	13.56 %	6.07 %	(7.26 %)
Q2 2023	11.58 %	4.41 %	(10.49 %)
Q3 2023	9.02 %	3.17 %	(10.73 %)
Q4 2023	7.67 %	(4.28 %)	(22.63 %)
Q1 2024	10.58 %	2.44 %	(12.10 %)
Q2 2024	5.59 %	(21.67 %)	(24.35 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	60.00	0.68	0.09	15.39
Q2 2015	60.00	0.95	0.11	15.86
Q3 2015	60.00	0.93	(0.18)	16.04
Q4 2015	60.00	0.35	(0.12)	15.56
Q1 2016	60.00	0.22	(0.17)	15.49
Q2 2016	60.00	(0.24)	(0.42)	15.50
Q3 2016	60.00	(0.62)	(0.52)	15.33
Q4 2016	60.00	(0.56)	(0.68)	14.90
Q1 2017	60.00	(0.88)	(0.91)	14.62
Q2 2017	60.00	(1.10)	(1.10)	14.41
Q3 2017	60.00	(0.99)	(0.99)	14.33
Q4 2017	60.00	(1.16)	(0.82)	13.69
Q1 2018	60.00	(1.21)	(0.87)	13.38
Q2 2018	60.00	(1.04)	(0.70)	13.32
Q3 2018	60.00	(1.16)	(0.83)	13.13
Q4 2018	60.00	(0.91)	(0.91)	12.59
Q1 2019	60.00	(0.98)	(0.98)	12.19
Q2 2019	60.00	(1.16)	(1.16)	11.98
Q3 2019	60.00	(0.91)	(0.91)	12.01
Q4 2019	60.00	(0.65)	(0.77)	12.07
Q1 2020	60.00	(0.51)	(0.63)	11.81
Q2 2020	60.00	(0.26)	(0.38)	11.84
Q3 2020	60.00	(0.27)	(0.40)	11.87
Q4 2020	60.00	(0.34)	(0.34)	11.71
Q1 2021	60.00	(0.32)	(0.32)	11.48
Q2 2021	60.00	(0.60)	(0.60)	11.22
Q3 2021	60.00	(0.93)	(0.93)	10.93
Q4 2021	60.00	(0.99)	(0.99)	10.70
Q1 2022	60.00	(0.82)	(0.90)	10.64
Q2 2022	60.00	(0.55)	(0.63)	10.66
Q3 2022	60.00	(0.31)	(0.45)	10.59
Q4 2022	60.00	(0.15)	(0.30)	10.63
Q1 2023	60.00	(0.35)	(0.41)	10.38
Q2 2023	60.00	(0.70)	(0.76)	10.04
Q3 2023	60.00	(1.01)	(1.01)	9.68
Q4 2023	60.00	(2.21)	(1.60)	8.36
Q1 2024	60.00	(2.33)	(1.73)	7.98
Q2 2024	60.00	(3.18)	(2.10)	6.80

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	60.00	0.76	0.33	15.20
2015	60.00	0.36	(0.12)	15.56
2016	60.00	(0.56)	(0.68)	14.90
2017	60.00	(1.16)	(0.82)	13.69
2018	60.00	(0.91)	(0.91)	12.59
2019	60.00	(0.65)	(0.77)	12.07
2020	60.00	(0.34)	(0.34)	11.71
2021	60.00	(0.99)	(0.99)	10.70
2022	60.00	(0.15)	(0.30)	10.63
2023	60.00	(2.21)	(1.60)	8.36

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	26.70	More than 100	1.19
Q2 2015	18.93	More than 100	1.13
Q3 2015	15.64	NEG	0.90
Q4 2015	75.25	NEG	1.69
Q1 2016	92.58	NEG	1.31
Q2 2016	NEG	NEG	1.25
Q3 2016	NEG	NEG	0.76
Q4 2016	NEG	NEG	1.35
Q1 2017	NEG	NEG	1.17
Q2 2017	NEG	NEG	1.00
Q3 2017	NEG	NEG	1.62
Q4 2017	NEG	NEG	1.47
Q1 2018	NEG	NEG	1.43
Q2 2018	NEG	NEG	1.47
Q3 2018	NEG	NEG	1.30
Q4 2018	NEG	NEG	1.29
Q1 2019	NEG	NEG	1.32
Q2 2019	NEG	NEG	1.17
Q3 2019	NEG	NEG	1.08
Q4 2019	NEG	NEG	1.08
Q1 2020	NEG	NEG	0.88
Q2 2020	NEG	NEG	1.11
Q3 2020	NEG	NEG	1.73
Q4 2020	NEG	NEG	2.10
Q1 2021	NEG	NEG	2.14
Q2 2021	NEG	NEG	2.78
Q3 2021	NEG	NEG	2.45
Q4 2021	NEG	NEG	2.05
Q1 2022	NEG	NEG	1.91
Q2 2022	NEG	NEG	1.47
Q3 2022	NEG	NEG	1.57
Q4 2022	NEG	NEG	1.65
Q1 2023	NEG	NEG	1.76
Q2 2023	NEG	NEG	1.83
Q3 2023	NEG	NEG	1.74
Q4 2023	NEG	NEG	1.86
Q1 2024	NEG	NEG	1.95
Q2 2024	NEG	NEG	2.07

Period	P/E	Adjusted P/E	Price/book
2014	24.72	56.29	1.23
2015	72.86	NEG	1.69
2016	NEG	NEG	1.35
2017	NEG	NEG	1.47
2018	NEG	NEG	1.29
2019	NEG	NEG	1.08
2020	NEG	NEG	2.10
2021	NEG	NEG	2.05
2022	NEG	NEG	1.65
2023	NEG	NEG	1.86

Business Segments (Million)

Compared With The

Period	packing and packaging	Printing	Other sectors & Investment activities	elimination
Q1 2015	235.46	47.31	-	-
Q2 2015	236.52	55.29	-	-
Q3 2015	221.53	36.35	-	-
Q4 2015	204.76	70.54	-	-
Q1 2016	208.55	47.30	-	(1.45)
Q2 2016	214.83	47.79	-	(3.25)
Q3 2016	197.67	57.99	-	(4.33)
Q4 2016	188.44	49.00	-	-
Q1 2017	197.04	46.58	-	(1.31)
Q2 2017	216.03	44.79	-	(7.74)
Q3 2017	186.12	70.43	-	(5.08)
Q4 2017	179.00	51.68	-	-
Q1 2018	176.21	30.72	-	(4.36)
Q2 2018	207.48	57.96	-	(9.32)
Q3 2018	205.97	76.22	-	(5.85)
Q4 2018	196.35	116.63	-	(29.51)
Q1 2019	185.95	19.62	-	(3.53)
Q2 2019	201.26	43.41	-	(7.06)
Q3 2019	192.48	71.83	-	(11.79)
Q4 2019	163.90	64.62	-	3.65
Q1 2020	176.92	17.89	-	(0.55)
Q2 2020	167.22	46.42	-	(14.01)
Q3 2020	155.72	59.97	-	(11.24)
Q4 2020	130.68	24.14	-	14.52
Q1 2021	160.94	12.77	-	(0.27)
Q2 2021	192.96	13.99	-	(12.74)
Q3 2021	186.68	24.11	-	(7.19)
Q4 2021	196.77	22.39	-	(6.78)
Q1 2022	215.28	27.09	-	(5.94)
Q2 2022	234.43	41.12	-	(5.31)
Q3 2022	228.27	40.41	-	(7.54)
Q4 2022	197.36	42.65	-	(7.72)
Q1 2023	199.30	25.03	-	(13.40)
Q2 2023	187.53	25.11	-	(20.75)
Q3 2023	187.31	38.98	-	(22.02)
Q4 2023	157.01	24.76	-	(9.70)
Q1 2024	177.06	19.41	-	(9.56)
Q2 2024	167.44	24.59	-	(17.57)

Period	packing and packaging	Printing	Other sectors & Investment activities	elimination
2014	1,011.85	220.47	-	-
2015	898.27	209.49	-	-
2016	809.49	195.92	-	-
2017	778.19	213.49	-	-
2018	786.00	281.53	-	(49.05)
2019	743.60	199.48	-	(18.73)
2020	630.55	148.42	-	(11.28)
2021	737.36	73.26	-	(26.98)
2022	875.33	151.27	-	(26.51)
2023	731.15	113.88	-	(65.87)

Financial Ratios

	Current
Market Cap (M Riyal)	771.60
Enterprise Value (EV) (M)	1,519.11
Shares Outstanding ((M))	60.00
EPS ( Riyal) (TTM)	(3.44)
Book Value (BV) ( Riyal)	6.17
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	2.08
Return on Average Assets (%) (TTM)	(13.54 )
Return on Average Equity (%) (TTM)	(43.41 )

Saudi Printing and Packaging Co. (SPPC)

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Saudi Printing widens losses to SAR 93.7M in H1 2024; Q2 at SAR 71.1M

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Financials (M)

Current Quarter Comparison (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

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Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q2

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Saudi Printing and Packaging Co. (SPPC)

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Saudi Printing widens losses to SAR 93.7M in H1 2024; Q2 at SAR 71.1M

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2024

Revenue by Business Segment (Latest) 2024 Q2

Financial Ratios

Share Price

Saudi Printing and Packaging Co. (SPPC)

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Business Segments (Million)