FIPCO 9M 2024 profit falls 31% to SAR 3.4M; Q3 at SAR 300,000

31/10/2024 Argaam Exclusive

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Filing and Packing Materials Manufacturing Co. (FIPCO) reported a net profit of SAR 3.4 million in the first nine-month period of 2024, dropping 31% from SAR 4.9 million a year earlier.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	181.03	178.31	(1.5 %)
Gross Income	35.45	35.56	0.3 %
Operating Income	10.28	7.69	(25.2 %)
Net Income	4.91	3.44	(30.0 %)
Average Shares	11.50	11.50	-
EPS (Riyals)	0.43	0.30	(30.0 %)

This was due to lower sales on a decline in sales of the subsidiary (FPC), as well as higher selling and marketing expenses arising from higher labor costs. This is in addition to a rise in the expected credit losses provision in accordance with IFRS 9.

The company also recorded an increase in banking charges because of higher interest rates, despite a decrease in total loans.

However, FIPCO reported a slight increase in gross profit due to an improved product mix and profit margins of the subsidiary FPC despite declined turnover. General and administrative expenses also declined because of settling expenses with the financial advisor related to a rights issue in 9M 2024.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	66.17	59.53	(10.0 %)
Gross Income	13.22	11.00	(16.8 %)
Operating Income	3.97	1.78	(55.3 %)
Net Income	3.69	0.30	(91.9 %)
Average Shares	11.50	11.50	-
EPS (Riyals)	0.32	0.03	(91.9 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	56.38	59.53	5.6 %
Gross Income	11.70	11.00	(6.0 %)
Operating Income	1.86	1.78	(4.7 %)
Net Income	1.12	0.30	(73.3 %)
Average Shares	11.50	11.50	-
EPS (Riyals)	0.10	0.03	(73.3 %)

In the third quarter of 2023, net profit slumped 92% to SAR 300,000 from SAR 3.70 million in Q3 2023, mainly due to lower sales and gross profit as well as a rise in selling and marketing expenses.

On a sequential basis, Q3 net profit dropped from SAR 1.10 million.

Total shareholders’ equity, no minority interest, reached SAR 147.1 million as of Sept. 30, 2024, compared to SAR 136.9 million in a year-earlier period.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	50.37	3.0 %	7.14	(40.3 %)	2.83	(64.0 %)
Q2 2015	51.89	14.6 %	10.90	(1.0 %)	6.21	(7.8 %)
Q3 2015	47.83	(5.3 %)	9.94	(2.0 %)	5.72	(7.7 %)
Q4 2015	41.14	(31.3 %)	7.19	(32.6 %)	2.71	(58.3 %)
2015	191.24	(6.5 %)	35.17	(19.7 %)	17.46	(36.0 %)
Q1 2016	45.15	(10.4 %)	9.39	31.7 %	4.74	67.9 %
Q2 2016	44.36	(14.5 %)	9.40	(13.8 %)	4.54	(26.9 %)
Q3 2016	30.65	(35.9 %)	4.45	(55.3 %)	1.25	(78.1 %)
Q4 2016	44.92	9.2 %	6.59	(8.3 %)	1.88	(30.6 %)
2016	165.08	(13.7 %)	29.83	(15.2 %)	12.42	(28.9 %)
Q1 2017	41.19	(8.8 %)	7.74	(17.6 %)	2.08	(56.1 %)
Q2 2017	40.43	(8.9 %)	6.92	(26.3 %)	0.92	(79.8 %)
Q3 2017	34.59	12.9 %	6.01	35.2 %	1.53	22.1 %
Q4 2017	37.39	(16.8 %)	6.64	0.7 %	1.76	(6.4 %)
2017	153.60	(7.0 %)	27.11	(9.1 %)	6.28	(49.4 %)
Q1 2018	35.75	(13.2 %)	8.05	4.0 %	2.04	(2.0 %)
Q2 2018	43.83	8.4 %	8.28	19.6 %	1.26	37.0 %
Q3 2018	43.90	26.9 %	7.87	31.0 %	1.07	(30.3 %)
Q4 2018	40.06	7.1 %	5.08	(23.4 %)	(6.77)	(485.6 %)
2018	163.55	6.5 %	29.28	8.0 %	(2.41)	(138.3 %)
Q1 2019	36.71	2.7 %	5.78	(28.2 %)	(2.98)	(246.0 %)
Q2 2019	38.14	(13.0 %)	6.06	(26.7 %)	(4.62)	(467.8 %)
Q3 2019	46.23	5.3 %	6.46	(17.9 %)	(2.03)	(290.6 %)
Q4 2019	43.05	7.5 %	2.34	(54.1 %)	(15.41)	(127.6 %)
2019	164.14	0.4 %	20.64	(29.5 %)	(22.29)	(826.8 %)
Q1 2020	48.33	31.6 %	10.09	74.7 %	5.77	293.5 %
Q2 2020	45.20	18.5 %	5.11	(15.7 %)	(1.90)	59.0 %
Q3 2020	41.47	(10.3 %)	5.51	(14.8 %)	0.37	118.1 %
Q4 2020	46.51	8.0 %	8.60	268.4 %	(2.54)	83.5 %
2020	181.51	10.6 %	29.31	42.0 %	1.70	107.6 %
Q1 2021	48.54	0.4 %	8.21	(18.7 %)	(0.53)	(109.1 %)
Q2 2021	58.81	30.1 %	5.58	9.3 %	(3.27)	(72.3 %)
Q3 2021	54.93	32.4 %	5.94	7.9 %	(1.60)	(533.7 %)
Q4 2021	60.32	29.7 %	9.26	7.6 %	0.21	108.1 %
2021	222.59	22.6 %	28.99	(1.1 %)	(5.18)	(405.8 %)
Q1 2022	62.88	29.6 %	8.63	5.1 %	0.58	209.3 %
Q2 2022	71.28	21.2 %	10.96	96.3 %	0.59	118.2 %
Q3 2022	62.51	13.8 %	10.78	81.4 %	3.67	330.0 %
Q4 2022	63.99	6.1 %	11.84	28.0 %	1.43	592.0 %
2022	260.65	17.1 %	42.20	45.6 %	6.27	221.0 %
Q1 2023	63.89	1.6 %	11.14	29.2 %	3.38	487.9 %
Q2 2023	45.93	(35.6 %)	9.67	(11.8 %)	1.51	154.0 %
Q3 2023	66.17	5.9 %	13.22	22.7 %	3.97	8.3 %
Q4 2023	67.13	4.9 %	14.55	22.9 %	4.33	202.4 %
2023	238.03	(8.7 %)	47.81	13.3 %	12.42	98.1 %
Q1 2024	51.32	(19.7 %)	12.02	7.9 %	3.21	(5.0 %)
Q2 2024	56.38	22.8 %	11.70	21.0 %	1.86	23.5 %
Q3 2024	59.53	(10.0 %)	11.00	(16.8 %)	1.78	(55.3 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	204.55	(4.6 %)	43.78	(1.7 %)	27.27	(3.5 %)
2015	191.24	(6.5 %)	35.17	(19.7 %)	17.46	(36.0 %)
2016	165.08	(13.7 %)	29.83	(15.2 %)	12.42	(28.9 %)
2017	153.60	(7.0 %)	27.11	(9.1 %)	6.28	(49.4 %)
2018	163.55	6.5 %	29.28	8.0 %	(2.41)	(138.3 %)
2019	164.14	0.4 %	20.64	(29.5 %)	(22.29)	(826.8 %)
2020	181.51	10.6 %	29.31	42.0 %	1.70	107.6 %
2021	222.59	22.6 %	28.99	(1.1 %)	(5.18)	(405.8 %)
2022	260.65	17.1 %	42.20	45.6 %	6.27	221.0 %
2023	238.03	(8.7 %)	47.81	13.3 %	12.42	98.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	2.51	(63.8 %)	0.22	-	2.51	0.22
Q2 2015	5.52	(15.6 %)	0.48	-	5.52	0.48
Q3 2015	4.71	(11.2 %)	0.41	-	4.71	0.41
Q4 2015	0.42	(92.4 %)	0.04	(1.50)	1.92	0.17
2015	13.15	(45.8 %)	1.14	(1.50)	14.65	1.27
Q1 2016	4.54	81.0 %	0.39	-	4.54	0.39
Q2 2016	3.90	(29.3 %)	0.34	-	3.90	0.34
Q3 2016	0.14	(97.0 %)	0.01	-	0.14	0.01
Q4 2016	2.60	521.0 %	0.23	-	2.60	0.23
2016	11.18	(15.0 %)	0.97	-	11.18	0.97
Q1 2017	3.18	(29.9 %)	0.28	-	3.18	0.28
Q2 2017	0.48	(87.7 %)	0.04	-	0.48	0.04
Q3 2017	0.51	265.0 %	0.04	-	0.51	0.04
Q4 2017	0.98	(62.3 %)	0.09	-	0.98	0.09
2017	5.16	(53.9 %)	0.45	-	5.16	0.45
Q1 2018	1.13	(64.5 %)	0.10	-	1.13	0.10
Q2 2018	0.70	44.8 %	0.06	-	0.70	0.06
Q3 2018	0.77	49.7 %	0.07	-	0.77	0.07
Q4 2018	(8.49)	(964.5 %)	(0.74)	-	(8.49)	(0.74)
2018	(5.90)	(214.4 %)	(0.51)	-	(5.90)	(0.51)
Q1 2019	(2.22)	(296.5 %)	(0.19)	-	(2.22)	(0.19)
Q2 2019	(4.77)	(786.6 %)	(0.41)	-	(4.77)	(0.41)
Q3 2019	(2.73)	(456.6 %)	(0.24)	-	(2.73)	(0.24)
Q4 2019	(10.94)	(28.9 %)	(0.95)	3.34	(14.28)	(1.24)
2019	(20.26)	(243.3 %)	(1.76)	3.34	(23.60)	(2.05)
Q1 2020	4.18	288.5 %	0.36	-	4.18	0.36
Q2 2020	(3.36)	29.6 %	(0.29)	-	(3.36)	(0.29)
Q3 2020	(2.95)	(8.0 %)	(0.26)	-	(2.95)	(0.26)
Q4 2020	(0.85)	92.2 %	(0.07)	-	(0.85)	(0.07)
2020	(2.98)	85.3 %	(0.26)	-	(2.98)	(0.26)
Q1 2021	(1.53)	(136.5 %)	(0.13)	-	(1.53)	(0.13)
Q2 2021	(5.21)	(55.3 %)	(0.45)	-	(5.21)	(0.45)
Q3 2021	(3.44)	(16.9 %)	(0.30)	-	(3.44)	(0.30)
Q4 2021	1.12	231.4 %	0.10	-	1.12	0.10
2021	(9.06)	(204.5 %)	(0.79)	-	(9.06)	(0.79)
Q1 2022	0.37	124.0 %	0.03	-	0.37	0.03
Q2 2022	0.89	117.1 %	0.08	-	0.89	0.08
Q3 2022	2.25	165.3 %	0.20	-	2.25	0.20
Q4 2022	6.29	460.4 %	0.55	-	6.29	0.55
2022	9.80	208.1 %	0.85	-	9.80	0.85
Q1 2023	1.54	321.2 %	0.13	-	1.54	0.13
Q2 2023	0.06	(93.4 %)	0.01	-	0.06	0.01
Q3 2023	3.69	63.9 %	0.32	-	3.69	0.32
Q4 2023	7.08	12.6 %	0.62	-	7.08	0.62
2023	11.99	22.4 %	1.04	-	11.99	1.04
Q1 2024	2.02	31.3 %	0.18	-	2.02	0.18
Q2 2024	1.12	1804.9 %	0.10	-	1.12	0.10
Q3 2024	0.30	(91.9 %)	0.03	-	0.30	0.03

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	24.27	(4.7 %)	2.11	-	24.27	2.11
2015	13.15	(45.8 %)	1.14	(1.50)	14.65	1.27
2016	11.18	(15.0 %)	0.97	-	11.18	0.97
2017	5.16	(53.9 %)	0.45	-	5.16	0.45
2018	(5.90)	(214.4 %)	(0.51)	-	(5.90)	(0.51)
2019	(20.26)	(243.3 %)	(1.76)	3.34	(23.60)	(2.05)
2020	(2.98)	85.3 %	(0.26)	-	(2.98)	(0.26)
2021	(9.06)	(204.5 %)	(0.79)	-	(9.06)	(0.79)
2022	9.80	208.1 %	0.85	-	9.80	0.85
2023	11.99	22.4 %	1.04	-	11.99	1.04

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	18.91 %	15.64 %	9.63 %
Q2 2015	18.27 %	14.88 %	8.85 %
Q3 2015	18.40 %	14.74 %	8.68 %
Q4 2015	18.39 %	14.15 %	7.66 %
2015	18.39 %	14.15 %	7.66 %
Q1 2016	20.12 %	15.73 %	8.97 %
Q2 2016	20.12 %	15.66 %	8.44 %
Q3 2016	18.86 %	14.69 %	6.51 %
Q4 2016	18.07 %	13.92 %	6.77 %
2016	18.07 %	13.92 %	6.77 %
Q1 2017	17.49 %	11.80 %	6.10 %
Q2 2017	16.35 %	9.00 %	4.07 %
Q3 2017	16.92 %	8.27 %	4.20 %
Q4 2017	17.78 %	7.83 %	3.36 %
2017	17.65 %	7.83 %	3.36 %
Q1 2018	18.64 %	8.25 %	2.09 %
Q2 2018	19.12 %	8.92 %	2.19 %
Q3 2018	19.17 %	8.40 %	2.22 %
Q4 2018	17.90 %	2.67 %	(3.61 %)
2018	17.90 %	2.67 %	(3.61 %)
Q1 2019	16.42 %	(0.22 %)	(5.62 %)
Q2 2019	15.61 %	(4.11 %)	(9.27 %)
Q3 2019	14.51 %	(5.74 %)	(11.30 %)
Q4 2019	12.57 %	(10.97 %)	(14.62 %)
2019	12.57 %	(9.30 %)	(14.38 %)
Q1 2020	14.20 %	(5.36 %)	(10.01 %)
Q2 2020	13.13 %	(3.86 %)	(8.85 %)
Q3 2020	12.94 %	(2.82 %)	(9.21 %)
Q4 2020	16.15 %	5.10 %	(1.64 %)
2020	16.15 %	5.10 %	(1.64 %)
Q1 2021	15.09 %	1.78 %	(4.78 %)
Q2 2021	14.28 %	1.12 %	(5.40 %)
Q3 2021	13.57 %	0.16 %	(5.29 %)
Q4 2021	13.02 %	1.30 %	(4.07 %)
2021	13.02 %	1.30 %	(4.07 %)
Q1 2022	12.41 %	1.69 %	(3.03 %)
Q2 2022	13.95 %	3.18 %	(0.43 %)
Q3 2022	15.42 %	5.17 %	1.80 %
Q4 2022	16.19 %	5.68 %	3.76 %
2022	16.19 %	5.68 %	3.76 %
Q1 2023	17.09 %	6.82 %	4.19 %
Q2 2023	18.38 %	7.92 %	4.29 %
Q3 2023	19.11 %	7.91 %	4.82 %
Q4 2023	19.98 %	9.13 %	5.09 %
2023	20.08 %	9.00 %	5.04 %
Q1 2024	21.45 %	9.78 %	5.57 %
Q2 2024	21.37 %	9.72 %	5.77 %
Q3 2024	21.03 %	9.16 %	4.49 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	21.40 %	18.14 %	11.86 %
2015	18.39 %	14.15 %	7.66 %
2016	18.07 %	13.92 %	6.77 %
2017	17.65 %	7.83 %	3.36 %
2018	17.90 %	2.67 %	(3.61 %)
2019	12.57 %	(9.30 %)	(14.38 %)
2020	16.15 %	5.10 %	(1.64 %)
2021	13.02 %	1.30 %	(4.07 %)
2022	16.19 %	5.68 %	3.76 %
2023	20.08 %	9.00 %	5.04 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	14.17 %	10.47 %	4.98 %
Q2 2015	21.01 %	16.43 %	10.63 %
Q3 2015	20.78 %	16.93 %	9.85 %
Q4 2015	17.48 %	12.54 %	4.66 %
Q1 2016	20.81 %	16.56 %	10.04 %
Q2 2016	21.18 %	16.28 %	8.79 %
Q3 2016	14.51 %	12.52 %	0.46 %
Q4 2016	14.68 %	9.89 %	5.79 %
Q1 2017	18.79 %	8.53 %	7.72 %
Q2 2017	17.13 %	5.83 %	1.19 %
Q3 2017	17.38 %	8.69 %	1.48 %
Q4 2017	17.76 %	8.44 %	2.63 %
Q1 2018	22.51 %	10.35 %	3.16 %
Q2 2018	18.88 %	8.34 %	1.59 %
Q3 2018	17.93 %	6.86 %	1.74 %
Q4 2018	12.69 %	(15.00 %)	(21.19 %)
Q1 2019	15.73 %	(2.79 %)	(6.04 %)
Q2 2019	15.90 %	(6.56 %)	(12.51 %)
Q3 2019	13.98 %	0.63 %	(5.90 %)
Q4 2019	5.42 %	(34.30 %)	(33.17 %)
Q1 2020	20.88 %	15.64 %	8.66 %
Q2 2020	11.30 %	(0.29 %)	(7.43 %)
Q3 2020	13.27 %	5.60 %	(7.11 %)
Q4 2020	18.49 %	(1.05 %)	(1.84 %)
Q1 2021	16.91 %	3.15 %	(3.15 %)
Q2 2021	9.49 %	(2.00 %)	(8.87 %)
Q3 2021	10.81 %	0.84 %	(6.27 %)
Q4 2021	15.34 %	3.45 %	1.86 %
Q1 2022	13.72 %	4.19 %	0.58 %
Q2 2022	15.38 %	3.88 %	1.25 %
Q3 2022	17.24 %	9.30 %	3.60 %
Q4 2022	18.51 %	5.63 %	9.83 %
Q1 2023	17.44 %	8.86 %	2.41 %
Q2 2023	21.06 %	7.90 %	0.13 %
Q3 2023	19.97 %	9.19 %	5.58 %
Q4 2023	21.68 %	10.17 %	10.54 %
Q1 2024	23.43 %	11.72 %	3.95 %
Q2 2024	20.75 %	7.97 %	1.98 %
Q3 2024	18.48 %	6.95 %	0.50 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	11.50	1.73	1.73	16.32
Q2 2015	11.50	1.64	1.64	15.68
Q3 2015	11.50	1.58	1.58	16.09
Q4 2015	11.50	1.14	1.27	16.13
Q1 2016	11.50	1.32	1.45	16.54
Q2 2016	11.50	1.18	1.31	16.86
Q3 2016	11.50	0.78	0.91	16.87
Q4 2016	11.50	0.97	0.97	15.97
Q1 2017	11.50	0.85	0.85	16.25
Q2 2017	11.50	0.56	0.56	15.80
Q3 2017	11.50	0.59	0.59	15.87
Q4 2017	11.50	0.45	0.45	15.96
Q1 2018	11.50	0.27	0.27	16.06
Q2 2018	11.50	0.29	0.29	16.13
Q3 2018	11.50	0.31	0.31	16.20
Q4 2018	11.50	(0.51)	(0.51)	15.39
Q1 2019	11.50	(0.80)	(0.80)	15.54
Q2 2019	11.50	(1.28)	(1.28)	14.97
Q3 2019	11.50	(1.58)	(1.58)	14.57
Q4 2019	11.50	(1.80)	(2.09)	13.70
Q1 2020	11.50	(1.24)	(1.53)	12.46
Q2 2020	11.50	(1.12)	(1.41)	12.17
Q3 2020	11.50	(1.14)	(1.43)	11.92
Q4 2020	11.50	(0.26)	(0.26)	11.19
Q1 2021	11.50	(0.76)	(0.76)	11.06
Q2 2021	11.50	(0.92)	(0.92)	10.61
Q3 2021	11.50	(0.96)	(0.96)	10.31
Q4 2021	11.50	(0.79)	(0.79)	10.44
Q1 2022	11.50	(0.62)	(0.62)	10.47
Q2 2022	11.50	(0.09)	(0.09)	10.55
Q3 2022	11.50	0.40	0.40	10.75
Q4 2022	11.50	0.85	0.85	11.48
Q1 2023	11.50	0.95	0.95	11.62
Q2 2023	11.50	0.88	0.88	11.59
Q3 2023	11.50	1.01	1.01	11.91
Q4 2023	11.50	1.08	1.08	12.50
Q1 2024	11.50	1.12	1.12	12.67
Q2 2024	11.50	1.21	1.21	12.77
Q3 2024	11.50	0.91	0.91	12.80

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	11.50	2.11	2.11	16.11
2015	11.50	1.14	1.27	16.13
2016	11.50	0.97	0.97	15.97
2017	11.50	0.45	0.45	15.96
2018	11.50	(0.51)	(0.51)	15.39
2019	11.50	(1.76)	(2.05)	13.70
2020	11.50	(0.26)	(0.26)	11.19
2021	11.50	(0.79)	(0.79)	10.44
2022	11.50	0.85	0.85	11.48
2023	11.50	1.04	1.04	12.50

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	28.72	28.72	3.04
Q2 2015	29.32	29.32	3.06
Q3 2015	23.12	23.12	2.28
Q4 2015	33.08	29.69	2.35
Q1 2016	25.14	22.88	2.01
Q2 2016	38.07	34.28	2.66
Q3 2016	37.83	32.42	1.75
Q4 2016	36.66	36.66	2.23
Q1 2017	41.70	41.70	2.19
Q2 2017	59.63	59.63	2.10
Q3 2017	58.91	58.91	2.19
Q4 2017	72.52	72.52	2.04
Q1 2018	More than 100	More than 100	2.11
Q2 2018	More than 100	More than 100	2.12
Q3 2018	More than 100	More than 100	2.26
Q4 2018	NEG	NEG	2.26
Q1 2019	NEG	NEG	2.15
Q2 2019	NEG	NEG	2.04
Q3 2019	NEG	NEG	2.04
Q4 2019	NEG	NEG	2.11
Q1 2020	NEG	NEG	2.75
Q2 2020	NEG	NEG	3.57
Q3 2020	NEG	NEG	4.45
Q4 2020	NEG	NEG	5.35
Q1 2021	NEG	NEG	5.89
Q2 2021	NEG	NEG	6.70
Q3 2021	NEG	NEG	6.40
Q4 2021	NEG	NEG	5.05
Q1 2022	NEG	NEG	5.17
Q2 2022	NEG	NEG	3.96
Q3 2022	98.39	98.39	3.68
Q4 2022	40.92	40.92	3.04
Q1 2023	40.88	40.88	3.36
Q2 2023	47.58	47.58	3.62
Q3 2023	52.74	52.74	4.46
Q4 2023	50.96	50.96	4.39
Q1 2024	45.64	45.64	4.02
Q2 2024	40.47	40.47	3.83
Q3 2024	53.85	53.85	3.85

Period	P/E	Adjusted P/E	Price/book
2014	21.83	21.83	2.86
2015	33.08	29.69	2.35
2016	36.66	36.66	2.23
2017	72.49	72.49	2.04
2018	NEG	NEG	2.26
2019	NEG	NEG	2.11
2020	NEG	NEG	5.35
2021	NEG	NEG	5.05
2022	40.92	40.92	3.04
2023	52.56	52.56	4.39

Business Segments (Million)

Compared With The

Period	Products of packing and packaging	Technical textiles
Q1 2020	41.83	6.49
Q2 2020	36.38	8.83
Q3 2020	32.07	9.40
Q4 2020	35.87	10.64
Q1 2021	35.63	12.91
Q2 2021	47.08	11.73
Q3 2021	41.88	13.04
Q4 2021	48.34	11.98
Q1 2022	49.43	11.12
Q2 2022	51.70	19.57
Q3 2022	52.51	10.00
Q4 2022	46.37	17.62
Q1 2023	43.31	20.59
Q2 2023	34.48	11.45
Q4 2023	41.49	25.64
Q1 2024	35.62	15.69
Q2 2024	42.41	13.97

Period	Products of packing and packaging	Technical textiles
2019	151.22	12.92
2020	146.15	35.36
2021	172.93	49.66
2022	202.35	58.31
2023	165.13	72.90

Financial Ratios

	Current
Market Cap (M Riyal)	523.25
Enterprise Value (EV) (M)	574.72
Shares Outstanding ((M))	11.50
EPS ( Riyal) (TTM)	0.91
Book Value (BV) ( Riyal)	12.80
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	49.75
P/E (TTM)	49.75
Price/book	3.56
Return on Average Assets (%) (TTM)	3.7
Return on Average Equity (%) (TTM)	7.4

Filing and Packing Materials Manufacturing Co. (FIPCO)

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FIPCO 9M 2024 profit falls 31% to SAR 3.4M; Q3 at SAR 300,000

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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) 2024 Q3

Financial Ratios

Share Price

Filing and Packing Materials Manufacturing Co. (FIPCO)

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FIPCO 9M 2024 profit falls 31% to SAR 3.4M; Q3 at SAR 300,000

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) Q2 2024

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Filing and Packing Materials Manufacturing Co. (FIPCO)

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Business Segments (Million)