Saudi Paper Manufacturing Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Saudi Paper Manufacturing Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

|Element List||Current Quarter||Similar quarter for previous year||%Change||Previous Quarter||% Change|

|Sales/Revenue||229.18||217.28||5.476||196.13||16.851|

|Gross Profit (Loss)||81.86||52.18||56.88||63.99||27.926|

|Operational Profit (Loss)||44.25||18.69||136.757||34.75||27.338|

|Net profit (Loss)||36.25||8.55||323.976||20.82||74.111|

|Total Comprehensive Income||36.04||8.65||316.647||23.33||54.479|

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

|Element List||Current Period||Similar period for previous year||%Change|

|Total Share Holders Equity (After Deducting the Minority Equity)||508.64||472.61||7.623|

|Profit (Loss) per Share||1.08||0.25|

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

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

|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 quarter compared to the same quarter of the last year is||The reason for the increase in sales during this current quarter compared to the same quarter of the previous year by 5.5% is due to the increase in the sales of paper rolls after the commissioning 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 also in addition to increasing the sales of recycled paper in a subsidiary.|

|The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is||The reason for the increase in net profit during