MEPCO 9M net profit up 96% to SAR 246.8 mln; Q3 at SAR 54.6 mln

01/11/2022 Argaam Exclusive

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Middle East Paper Co. (MEPCO) reported a net profit after Zakat and tax of SAR 246.8 million, for the first nine months of 2022, a surge of 96%, compared to SAR 125.9 million in the year earlier period.

This was driven by a 31% increase year-on-year (YoY) in revenue on higher demand and selling prices, in addition to a 72% YoY jump in gross profit, partially offset by an increase in the selling, general and administrative expenses by SAR 20 million.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	730.45	955.49	30.8 %
Gross Income	247.24	425.62	72.1 %
Operating Income	138.66	291.28	110.1 %
Net Income	125.85	244.91	94.6 %
Average Shares	66.67	66.67	-
EPS (Riyals)	1.89	3.67	94.6 %

Q3 net profit after Zakat and tax dropped 16% YoY to SAR 54.6 million, due to higher selling and distribution expenses by SAR 3 million in asset impairment and recording finance costs by SAR 1.7 million.

On a sequential basis, net profit fell 45% from SAR 99.19 million in Q2 2022.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	279.48	303.52	8.6 %
Gross Income	115.94	121.91	5.1 %
Operating Income	71.29	75.75	6.2 %
Net Income	65.04	53.93	(17.1 %)
Average Shares	66.67	66.67	-
EPS (Riyals)	0.98	0.81	(17.1 %)

Item	Q2 2022	Q3 2022	Change‬
Revenues	346.95	303.52	(12.5 %)
Gross Income	160.56	121.91	(24.1 %)
Operating Income	110.89	75.75	(31.7 %)
Net Income	98.60	53.93	(45.3 %)
Average Shares	66.67	66.67	-
EPS (Riyals)	1.48	0.81	(45.3 %)

Total shareholders’ equity, no minority interest, reached SAR 1.176 billion as of Sept. 30, 2022, compared to SAR 887.898 million in prior-year period.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	175.85	-	41.28	-	20.60	-
Q2 2013	195.47	-	50.61	-	29.56	-
Q3 2013	200.50	-	61.21	-	41.72	-
Q4 2013	188.35	-	50.81	-	32.76	-
2013	760.17	16.3 %	203.91	41.5 %	124.63	100.7 %
Q1 2014	200.96	14.3 %	52.97	28.3 %	29.65	44.0 %
Q2 2014	203.05	3.9 %	59.04	16.7 %	36.78	24.4 %
Q3 2014	219.60	9.5 %	68.98	12.7 %	43.91	5.3 %
Q4 2014	202.50	7.5 %	53.41	5.1 %	31.88	(2.7 %)
2014	826.43	8.7 %	234.71	15.1 %	141.99	13.9 %
Q1 2015	184.71	(8.1 %)	47.14	(11.0 %)	28.15	(5.1 %)
Q2 2015	184.14	(9.3 %)	48.17	(18.4 %)	26.28	(28.5 %)
Q3 2015	172.83	(21.3 %)	41.85	(39.3 %)	16.89	(61.5 %)
Q4 2015	139.50	(31.1 %)	35.70	(33.2 %)	10.55	(66.9 %)
2015	681.17	(17.6 %)	172.86	(26.4 %)	81.87	(42.3 %)
Q1 2016	176.54	(4.4 %)	48.80	3.5 %	24.52	(12.9 %)
Q2 2016	164.82	(10.5 %)	28.37	(41.1 %)	3.01	(88.6 %)
Q3 2016	148.13	(14.3 %)	28.76	(31.3 %)	6.28	(62.8 %)
Q4 2016	144.91	3.9 %	25.36	(29.0 %)	(1.29)	(112.2 %)
2016	634.41	(6.9 %)	131.28	(24.1 %)	32.52	(60.3 %)
Q1 2017	166.50	(5.7 %)	31.67	(35.1 %)	11.07	(54.9 %)
Q2 2017	186.72	13.3 %	45.42	60.1 %	25.51	749.0 %
Q3 2017	212.74	43.6 %	55.30	92.3 %	27.92	344.4 %
Q4 2017	205.05	41.5 %	53.72	111.9 %	30.89	2494.7 %
2017	771.01	21.5 %	186.11	41.8 %	95.39	193.3 %
Q1 2018	225.01	35.1 %	62.10	96.1 %	35.34	219.3 %
Q2 2018	218.57	17.1 %	63.12	39.0 %	35.88	40.6 %
Q3 2018	215.59	1.3 %	65.08	17.7 %	38.85	39.1 %
Q4 2018	174.44	(14.9 %)	45.37	(15.5 %)	19.79	(35.9 %)
2018	833.61	8.1 %	235.67	26.6 %	129.85	36.1 %
Q1 2019	181.84	(19.2 %)	39.33	(36.7 %)	13.17	(62.7 %)
Q2 2019	176.09	(19.4 %)	33.11	(47.5 %)	3.16	(91.2 %)
Q3 2019	180.67	(16.2 %)	39.27	(39.7 %)	9.33	(76.0 %)
Q4 2019	152.48	(12.6 %)	30.00	(33.9 %)	3.96	(80.0 %)
2019	691.08	(17.1 %)	141.71	(39.9 %)	29.62	(77.2 %)
Q1 2020	173.87	(4.4 %)	35.61	(9.4 %)	10.59	(19.6 %)
Q2 2020	193.62	10.0 %	44.77	35.2 %	17.80	462.6 %
Q3 2020	167.48	(7.3 %)	25.22	(35.8 %)	3.73	(60.0 %)
Q4 2020	189.72	24.4 %	37.65	25.5 %	11.36	186.8 %
2020	724.69	4.9 %	143.25	1.1 %	43.48	46.8 %
Q1 2021	200.51	15.3 %	48.01	34.8 %	18.03	70.2 %
Q2 2021	250.45	29.4 %	83.29	86.0 %	49.34	177.2 %
Q3 2021	279.48	66.9 %	115.94	359.8 %	71.29	1811.9 %
Q4 2021	326.95	72.3 %	146.86	290.1 %	90.10	693.4 %
2021	1,057.40	45.9 %	394.10	175.1 %	228.76	426.2 %
Q1 2022	305.02	52.1 %	143.16	198.2 %	104.65	480.6 %
Q2 2022	346.95	38.5 %	160.56	92.8 %	110.89	124.7 %
Q3 2022	303.52	8.6 %	121.91	5.1 %	75.75	6.2 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	653.58	0.4 %	144.11	(17.6 %)	62.10	(44.0 %)
2013	760.17	16.3 %	203.91	41.5 %	124.63	100.7 %
2014	826.43	8.7 %	234.71	15.1 %	141.99	13.9 %
2015	681.17	(17.6 %)	172.86	(26.4 %)	81.87	(42.3 %)
2016	634.41	(6.9 %)	131.28	(24.1 %)	32.52	(60.3 %)
2017	771.01	21.5 %	186.11	41.8 %	95.39	193.3 %
2018	833.61	8.1 %	235.67	26.6 %	129.85	36.1 %
2019	691.08	(17.1 %)	141.71	(39.9 %)	29.62	(77.2 %)
2020	724.69	4.9 %	143.25	1.1 %	43.48	46.8 %
2021	1,057.40	45.9 %	394.10	175.1 %	228.76	426.2 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	11.26	-	0.17	-	11.26	0.17
Q2 2013	22.76	-	0.34	-	22.76	0.34
Q3 2013	31.50	-	0.47	-	31.50	0.47
Q4 2013	22.56	-	0.34	-	22.56	0.34
2013	88.08	132.8 %	1.32	-	88.08	1.32
Q1 2014	22.83	102.7 %	0.34	-	22.83	0.34
Q2 2014	29.26	28.6 %	0.44	-	29.26	0.44
Q3 2014	36.35	15.4 %	0.55	-	36.35	0.55
Q4 2014	22.91	1.5 %	0.34	-	22.91	0.34
2014	111.34	26.4 %	1.67	-	111.34	1.67
Q1 2015	23.20	1.6 %	0.35	-	23.20	0.35
Q2 2015	19.57	(33.1 %)	0.29	-	19.57	0.29
Q3 2015	9.58	(73.6 %)	0.14	-	9.58	0.14
Q4 2015	2.77	(87.9 %)	0.04	-	2.77	0.04
2015	55.12	(50.5 %)	0.83	-	55.12	0.83
Q1 2016	16.78	(27.7 %)	0.25	-	16.78	0.25
Q2 2016	88.31	351.3 %	1.32	91.96	(3.65)	(0.05)
Q3 2016	2.28	(76.2 %)	0.03	-	2.28	0.03
Q4 2016	(12.46)	(550.0 %)	(0.19)	-	(12.46)	(0.19)
2016	94.91	72.2 %	1.42	91.96	2.94	0.04
Q1 2017	3.25	(80.6 %)	0.05	-	3.25	0.05
Q2 2017	18.18	(79.4 %)	0.27	-	18.18	0.27
Q3 2017	22.22	873.6 %	0.33	-	22.22	0.33
Q4 2017	24.49	296.4 %	0.37	-	24.49	0.37
2017	68.13	(28.2 %)	1.02	-	68.13	1.02
Q1 2018	28.08	763.1 %	0.42	-	28.08	0.42
Q2 2018	28.92	59.1 %	0.43	-	28.92	0.43
Q3 2018	30.17	35.8 %	0.45	-	30.17	0.45
Q4 2018	12.29	(49.8 %)	0.18	-	12.29	0.18
2018	99.44	46.0 %	1.49	-	99.44	1.49
Q1 2019	5.78	(79.4 %)	0.09	-	5.78	0.09
Q2 2019	(4.03)	(113.9 %)	(0.06)	-	(4.03)	(0.06)
Q3 2019	0.86	(97.2 %)	0.01	-	0.86	0.01
Q4 2019	3.52	(71.4 %)	0.05	-	3.52	0.05
2019	6.13	(93.8 %)	0.09	-	6.13	0.09
Q1 2020	4.12	(28.7 %)	0.06	-	4.12	0.06
Q2 2020	11.44	383.9 %	0.17	-	11.44	0.17
Q3 2020	0.38	(55.4 %)	0.01	-	0.38	0.01
Q4 2020	4.43	25.9 %	0.07	-	4.43	0.07
2020	20.37	232.4 %	0.31	-	20.37	0.31
Q1 2021	17.72	329.7 %	0.27	2.40	15.32	0.23
Q2 2021	43.09	276.6 %	0.65	-	43.09	0.65
Q3 2021	65.04	16882.8 %	0.98	(0.30)	65.34	0.98
Q4 2021	94.86	2043.7 %	1.42	9.39	85.47	1.28
2021	220.71	983.4 %	3.31	11.49	209.22	3.14
Q1 2022	92.39	421.3 %	1.39	(2.00)	94.39	1.42
Q2 2022	98.60	128.8 %	1.48	-	98.60	1.48
Q3 2022	53.93	(17.1 %)	0.81	-	53.93	0.81

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	37.83	(55.9 %)	0.57	-	37.83	0.57
2013	88.08	132.8 %	1.32	-	88.08	1.32
2014	111.34	26.4 %	1.67	-	111.34	1.67
2015	55.12	(50.5 %)	0.83	-	55.12	0.83
2016	94.91	72.2 %	1.42	91.96	2.94	0.04
2017	68.13	(28.2 %)	1.02	-	68.13	1.02
2018	99.44	46.0 %	1.49	-	99.44	1.49
2019	6.13	(93.8 %)	0.09	-	6.13	0.09
2020	20.37	232.4 %	0.31	-	20.37	0.31
2021	220.71	983.4 %	3.31	11.49	209.22	3.14

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	26.82 %	26.56 %	11.59 %
2013	26.82 %	26.56 %	11.59 %
Q1 2014	27.46 %	27.05 %	12.69 %
Q2 2014	28.26 %	28.06 %	13.39 %
Q3 2014	28.55 %	28.01 %	13.67 %
Q4 2014	28.37 %	27.86 %	13.48 %
2014	28.40 %	27.82 %	13.47 %
Q1 2015	28.22 %	28.65 %	13.79 %
Q2 2015	27.52 %	28.28 %	12.90 %
Q3 2015	25.61 %	26.90 %	10.11 %
Q4 2015	25.38 %	26.78 %	8.09 %
2015	25.38 %	26.78 %	8.09 %
Q1 2016	25.93 %	25.91 %	7.23 %
Q2 2016	23.67 %	22.33 %	3.90 %
Q3 2016	22.52 %	20.72 %	2.89 %
Q4 2016	20.69 %	17.73 %	0.46 %
2016	20.69 %	17.73 %	0.46 %
Q1 2017	18.28 %	16.26 %	(1.69 %)
Q2 2017	20.30 %	19.74 %	1.74 %
Q3 2017	22.19 %	21.31 %	4.39 %
Q4 2017	24.14 %	24.13 %	8.84 %
2017	24.14 %	24.13 %	8.84 %
Q1 2018	26.10 %	25.32 %	11.21 %
Q2 2018	27.19 %	25.45 %	12.04 %
Q3 2018	28.24 %	26.54 %	12.92 %
Q4 2018	28.27 %	25.99 %	11.93 %
2018	28.27 %	25.99 %	11.93 %
Q1 2019	26.93 %	24.90 %	9.76 %
Q2 2019	24.45 %	22.24 %	5.91 %
Q3 2019	22.03 %	19.44 %	2.09 %
Q4 2019	20.51 %	18.15 %	0.89 %
2019	20.51 %	18.15 %	0.89 %
Q1 2020	20.20 %	18.30 %	0.65 %
Q2 2020	21.36 %	20.35 %	2.85 %
Q3 2020	19.73 %	20.35 %	2.83 %
Q4 2020	19.77 %	20.61 %	2.81 %
2020	19.77 %	20.61 %	2.81 %
Q1 2021	20.72 %	21.01 %	4.20 %
Q2 2021	24.03 %	23.09 %	7.82 %
Q3 2021	30.96 %	27.33 %	13.93 %
Q4 2021	37.27 %	31.02 %	19.79 %
2021	37.27 %	31.02 %	19.79 %
Q1 2022	42.11 %	35.47 %	24.81 %
Q2 2022	45.02 %	37.66 %	27.32 %
Q3 2022	44.64 %	37.34 %	25.92 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	22.05 %	20.10 %	5.79 %
2013	26.82 %	26.56 %	11.59 %
2014	28.40 %	27.82 %	13.47 %
2015	25.38 %	26.78 %	8.09 %
2016	20.69 %	17.73 %	0.46 %
2017	24.14 %	24.13 %	8.84 %
2018	28.27 %	25.99 %	11.93 %
2019	20.51 %	18.15 %	0.89 %
2020	19.77 %	20.61 %	2.81 %
2021	37.27 %	31.02 %	19.79 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	23.47 %	22.52 %	6.40 %
Q2 2013	25.89 %	24.97 %	11.64 %
Q3 2013	30.53 %	30.42 %	15.71 %
Q4 2013	26.98 %	27.88 %	11.98 %
Q1 2014	26.36 %	24.92 %	11.36 %
Q2 2014	29.08 %	28.99 %	14.41 %
Q3 2014	31.41 %	30.06 %	16.55 %
Q4 2014	26.38 %	27.25 %	11.31 %
Q1 2015	25.52 %	28.12 %	12.56 %
Q2 2015	26.16 %	27.47 %	10.63 %
Q3 2015	24.21 %	24.58 %	5.54 %
Q4 2015	25.59 %	26.81 %	1.99 %
Q1 2016	27.64 %	24.86 %	9.50 %
Q2 2016	17.21 %	13.48 %	(2.21 %)
Q3 2016	19.41 %	18.12 %	1.54 %
Q4 2016	17.50 %	13.50 %	(8.60 %)
Q1 2017	19.02 %	19.77 %	1.95 %
Q2 2017	24.32 %	25.85 %	9.73 %
Q3 2017	26.00 %	23.84 %	10.44 %
Q4 2017	26.20 %	26.41 %	11.94 %
Q1 2018	27.60 %	25.29 %	12.48 %
Q2 2018	28.88 %	26.28 %	13.23 %
Q3 2018	30.19 %	28.22 %	13.99 %
Q4 2018	26.01 %	23.77 %	7.04 %
Q1 2019	21.63 %	20.39 %	3.18 %
Q2 2019	18.81 %	15.32 %	(2.29 %)
Q3 2019	21.74 %	18.32 %	0.47 %
Q4 2019	19.67 %	18.57 %	2.31 %
Q1 2020	20.48 %	21.07 %	2.37 %
Q2 2020	23.12 %	22.99 %	5.91 %
Q3 2020	15.06 %	18.14 %	0.23 %
Q4 2020	19.84 %	19.94 %	2.33 %
Q1 2021	23.94 %	22.48 %	7.64 %
Q2 2021	33.26 %	29.28 %	17.20 %
Q3 2021	41.48 %	34.08 %	23.38 %
Q4 2021	44.92 %	34.96 %	26.14 %
Q1 2022	46.93 %	42.36 %	30.94 %
Q2 2022	46.28 %	38.95 %	28.42 %
Q3 2022	40.16 %	33.01 %	17.77 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	66.67	-	-	7.21
Q2 2013	66.67	-	-	7.55
Q3 2013	66.67	-	-	8.02
Q4 2013	66.67	1.32	1.32	7.99
Q1 2014	66.67	1.49	1.49	8.33
Q2 2014	66.67	1.59	1.59	8.15
Q3 2014	66.67	1.66	1.66	8.70
Q4 2014	66.67	1.67	1.67	9.04
Q1 2015	66.67	1.68	1.68	9.39
Q2 2015	66.67	1.53	1.53	9.68
Q3 2015	66.67	1.13	1.13	9.83
Q4 2015	66.67	0.83	0.83	9.87
Q1 2016	66.67	0.73	0.73	9.62
Q2 2016	66.67	1.76	0.38	10.57
Q3 2016	66.67	1.65	0.27	10.59
Q4 2016	66.67	1.42	0.04	10.40
Q1 2017	66.67	1.22	(0.16)	10.45
Q2 2017	66.67	0.17	0.17	10.16
Q3 2017	66.67	0.47	0.47	10.49
Q4 2017	66.67	1.02	1.02	10.84
Q1 2018	66.67	1.39	1.39	11.26
Q2 2018	66.67	1.56	1.56	11.03
Q3 2018	66.67	1.67	1.67	11.48
Q4 2018	66.67	1.49	1.49	11.27
Q1 2019	66.67	1.16	1.16	10.98
Q2 2019	66.67	0.66	0.66	10.92
Q3 2019	66.67	0.22	0.22	10.93
Q4 2019	66.67	0.09	0.09	10.97
Q1 2020	66.67	0.07	0.07	11.03
Q2 2020	66.67	0.30	0.30	11.20
Q3 2020	66.67	0.29	0.29	11.21
Q4 2020	66.67	0.31	0.31	11.28
Q1 2021	66.67	0.51	0.47	11.55
Q2 2021	66.67	0.98	0.95	12.19
Q3 2021	66.67	1.95	1.92	13.32
Q4 2021	66.67	3.31	3.14	14.74
Q1 2022	66.67	4.43	4.32	16.13
Q2 2022	66.67	5.26	5.16	16.84
Q3 2022	66.67	5.10	4.99	17.65

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	66.67	0.57	0.57	7.04
2013	66.67	1.32	1.32	7.99
2014	66.67	1.67	1.67	9.04
2015	66.67	0.83	0.83	9.87
2016	66.67	1.42	0.04	10.40
2017	66.67	1.02	1.02	10.84
2018	66.67	1.49	1.49	11.27
2019	66.67	0.09	0.09	10.97
2020	66.67	0.31	0.31	11.28
2021	66.67	3.31	3.14	14.74

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	-	-	-
Q1 2015	-	-	-
Q2 2015	26.14	26.14	4.13
Q3 2015	25.29	25.29	2.90
Q4 2015	30.07	30.07	2.52
Q1 2016	24.74	24.74	1.88
Q2 2016	10.23	47.15	1.71
Q3 2016	8.19	49.60	1.28
Q4 2016	11.33	More than 100	1.55
Q1 2017	13.51	NEG	1.58
Q2 2017	82.07	82.07	1.36
Q3 2017	35.31	35.31	1.57
Q4 2017	18.43	18.43	1.74
Q1 2018	17.27	17.27	2.14
Q2 2018	15.70	15.70	2.22
Q3 2018	12.80	12.80	1.87
Q4 2018	13.06	13.06	1.73
Q1 2019	16.04	16.04	1.69
Q2 2019	22.88	22.88	1.39
Q3 2019	58.38	58.38	1.19
Q4 2019	More than 100	More than 100	1.27
Q1 2020	More than 100	More than 100	1.02
Q2 2020	45.84	45.84	1.22
Q3 2020	62.66	62.66	1.63
Q4 2020	61.65	61.65	1.67
Q1 2021	45.92	49.42	2.03
Q2 2021	34.72	36.04	2.80
Q3 2021	21.13	21.48	3.10
Q4 2021	12.84	13.55	2.88
Q1 2022	12.76	13.08	3.51
Q2 2022	10.54	10.76	3.29
Q3 2022	10.35	10.58	2.99

Period	P/E	Adjusted P/E	Price/book
2012	-	-	-
2013	-	-	-
2014	-	-	-
2015	30.07	30.07	2.52
2016	11.33	More than 100	1.55
2017	18.43	18.43	1.74
2018	13.06	13.06	1.73
2019	More than 100	More than 100	1.27
2020	61.65	61.65	1.67
2021	12.84	13.55	2.88

Business Segments (Million)

Compared With The

Period	The industrial sector	The commercial sector	Disposals
Q1 2013	158.35	71.46	(53.97)
Q2 2013	178.71	81.47	(64.72)
Q3 2013	185.64	77.94	(63.08)
Q4 2013	178.20	71.61	(61.46)
Q1 2014	189.39	64.27	(52.69)
Q2 2014	186.73	82.23	(65.90)
Q3 2014	204.13	83.05	(67.58)
Q4 2014	190.08	90.98	(78.55)
Q1 2015	149.78	73.94	(39.01)
Q2 2015	170.79	72.52	(59.17)
Q3 2015	171.60	59.18	(57.94)
Q4 2015	142.39	54.31	(57.21)
Q1 2016	167.90	61.40	(52.77)
Q2 2016	147.30	58.38	(40.87)
Q3 2016	137.14	62.02	(51.03)
Q4 2016	139.15	59.06	(53.30)
Q1 2017	150.79	75.52	(59.81)
Q2 2017	175.55	79.95	(68.78)
Q3 2017	204.74	81.55	(73.55)
Q4 2017	198.50	86.34	(79.79)
Q1 2018	219.22	72.35	(66.56)
Q2 2018	212.34	64.57	(58.34)
Q3 2018	210.95	82.60	(77.96)
Q4 2018	169.13	74.19	(68.87)
Q1 2019	176.27	70.97	(65.40)
Q2 2019	169.92	62.05	(55.89)
Q3 2019	174.70	50.16	(44.20)
Q4 2019	149.00	55.05	(51.56)
Q1 2020	170.43	42.64	(39.20)
Q2 2020	190.92	43.30	(40.59)
Q3 2020	163.84	51.27	(47.63)
Q4 2020	185.14	66.18	(61.60)
Q1 2021	193.98	90.52	(83.99)
Q2 2021	245.11	101.63	(96.29)
Q3 2021	274.41	102.62	(97.55)
Q4 2021	320.38	91.64	(85.07)
Q1 2022	297.18	89.21	(81.38)
Q2 2022	343.36	90.19	(86.60)
Q3 2022	299.04	93.22	(88.73)

Period	The industrial sector	The commercial sector	Disposals
2012	605.97	258.03	(210.42)
2013	700.91	302.48	(243.22)
2014	770.32	320.84	(264.73)
2015	634.56	259.95	(213.34)
2016	591.50	240.87	(197.96)
2017	729.57	323.36	(281.92)
2018	811.64	293.70	(271.72)
2019	669.89	238.23	(217.04)
2020	710.33	203.38	(189.02)
2021	1,033.88	386.42	(362.90)

Financial Ratios

	Current
Market Cap (M Riyal)	3,293.46
Enterprise Value (EV) (M)	3,282.02
Shares Outstanding ((M))	86.67
EPS ( Riyal) (TTM)	(0.80)
Book Value (BV) ( Riyal)	19.07
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.99
Return on Average Assets (%) (TTM)	(3.04 )
Return on Average Equity (%) (TTM)	(5.01 )

Middle East Paper Co. (MEPCO)

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MEPCO 9M net profit up 96% to SAR 246.8 mln; Q3 at SAR 54.6 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q3

Financial Ratios

Share Price

Middle East Paper Co. (MEPCO)

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MEPCO 9M net profit up 96% to SAR 246.8 mln; Q3 at SAR 54.6 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2022

Revenue by Business Segment (Latest) 2022 Q3

Financial Ratios

Share Price

Middle East Paper Co. (MEPCO)

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Business Segments (Million)