Saudi Paper Manufacturing Co. announces its Annual Financial results for the period ending on 2023-12-31

Saudi Paper Manufacturing Co. announces its Annual Financial results for the period ending on 2023-12-31

|Element List||Current Year||Previous Year||%Change|

|Sales/Revenue||811.08||691.86||17.23|

|Gross Profit (Loss)||247.57||176.87||39.97|

|Operational Profit (Loss)||122.4||76.72||59.54|

|Net profit (Loss)||72.94||46.89||55.55|

|Total Comprehensive Income||75.17||46.92||60.21|

|Total Share Holders Equity (After Deducting the Minority Equity)||472.61||401.32||17.76|

|Profit (Loss) per Share||2.17||1.62|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Amount||Percentage of the capital (%)|

|Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value||-||-|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year||The reason for the increase in sales during this year compared to the previous year by 17.2% is due to the significant increase in the sales of paper rolls after the operation of the new production line in April 2023, which contributed to increasing sales capacity by 31% to meet the needs of the local and regional market, and in terms of manufacturing products, sales have increased significantly in implementation of the company's strategy to increase its market share, develop its products, enter new markets and spread more geographically.|

|The reason of the increase (decrease) in the net profit during the current year compared to the last year is|| The reason for the increase in the company's net profit during the current year compared to the previous year is due to