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Middle East Company for Manufacturing and Producing Paper Second Quarter 2024 Earnings: EPS: ر.س0.05 (vs ر.س0.30 loss in 2Q 2023)

admin by admin
August 21, 2024
in Business
Middle East Company for Manufacturing and Producing Paper Second Quarter 2024 Earnings: EPS: ر.س0.05 (vs ر.س0.30 loss in 2Q 2023)
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Middle East Company for Manufacturing and Producing Paper (TADAWUL:1202) Second Quarter 2024 Results

Key Financial Results

  • Revenue: ر.س255.1m (up 35% from 2Q 2023).
  • Net income: ر.س4.04m (up from ر.س20.2m loss in 2Q 2023).
  • Profit margin: 1.6% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
  • EPS:…



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