Saudi Printing cuts 9M 2022 net loss to SAR 6.2 mln; Q3 at SAR 3.9 mln

01/11/2022 Argaam Exclusive
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Saudi Printing and Packaging Co. (SPPC) reduced net losses after Zakat and tax by 86.6% to SAR 6.2 million in the first nine months of 2022, from SAR 46.7 million a year earlier.



Financials (M)

Item 9m 2021 9m 2022 Change‬
Revenues 571.26 767.81 34.4 %
Gross Income 63.35 110.33 74.1 %
Operating Income (20.17) 14.00 169.4 %
Net Income (46.66) (6.24) 86.6 %
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (0.78) (0.24) 69.1 %
EPS (Riyals) (0.78) (0.10) 86.6 %

In Q3 2022, net losses after Zakat and tax narrowed to SAR 3.9 million, from SAR 17.75 million.



Current Quarter Comparison (M)

Compared With The
Item Q3 2021 Q3 2022 Change‬
Revenues 203.61 261.15 28.3 %
Gross Income 19.14 35.64 86.2 %
Operating Income (8.74) 3.70 142.3 %
Net Income (17.75) (3.86) 78.2 %
Average Shares 60.00 60.00 -
Earnings Per Share before unusual items (0.30) (0.12) 61.0 %
EPS (Riyals) (0.30) (0.06) 78.2 %

The company turned to losses from a net profit of SAR 900,000 in Q2 2022.

 

Shareholders’ equity, no minority interest, dropped to SAR 635.5 million as of Sept. 30, 2022, from SAR 655.5 million a year earlier.

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Share Price

Saudi Printing and Packaging Co.
10.50
0.18 1.74 %

Saudi Printing and Packaging Co. (SPPC)

1 Day 1.74 % 5 Days 0.77 % 3 Months (13.22 %) 6 Months (28.28 %) Year (33.71 %) 2 Years (38.02 %) 5 Years 5.11 % All (78.89 %)
Created with Highstock 6.0.710:1010:1510:3010:4010:5011:3011:5012:2512:4512:5513:0013:2513:4513:5014:0014:0514:1514:4014:5015:1010.3010.3310.3510.3810.4010.4310.4510.4810.5010.5310.5510.58
Close : 10.50 | Mar 27, 15:11
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