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Middle East Paper Co. 2023 Annual Results

Revenue

SAR 867M

Net Profit

SAR -88M

EPS

SAR -1.20

Operating Cash Flow

SAR 199M

Middle East Paper Co. (1202) reported full year 2023 revenue of SAR 867M, up 47.4% from SAR 588M in 2022. Net profit came in at SAR -88M, down 132.4% year on year. Earnings per share were SAR -1.20. The company generated SAR 199M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 867M	SAR 588M
Net Profit	SAR -88M	SAR 271M
Gross Profit		SAR 599M
Net Margin	-10.1%	46.0%
ROE	-8.2%	22.9%
EPS	SAR -1.20
Total Assets	SAR 1.93B	SAR 1.95B
Total Equity	SAR 1.07B	SAR 1.18B
Total Liabilities	SAR 863M
Operating Cash Flow	SAR 199M

Year on Year Comparison

Revenue increased by 47.4% compared to 2022. Net profit decreased by 132.4%. Revenue grew but profit declined — suggesting margin pressure.

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Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2024-04-03.