Saudi Paper Manufacturing Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 228.49 | 229.18 | -0.301 | 190.4 | 20.005 |
| Gross Profit (Loss) | 69.36 | 81.86 | -15.269 | 47.26 | 46.762 |
| Operational Profit (Loss) | 30.47 | 44.25 | -31.141 | 7.27 | 319.119 |
| Net profit (Loss) | 20.68 | 36.25 | -42.951 | 0.39 | 5,202.564 |
| Total Comprehensive Income | 20.74 | 36.04 | -42.452 | 1.28 | 1,520.312 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 533.52 | 508.64 | 4.891 |
| Profit (Loss) per Share | 0.56 | 0.98 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The company maintained its revenue pace during the current quarter compared to the same quarter of the previous year, with continued improvement in operational performance and its ability to sustain growth momentum. This reaffirms the company’s commitment to executing its strategy aimed at strengthening its market share. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The decrease in net profit during the current quarter compared to the same quarter of the previous year is attributed to the rise in fuel and gas costs, as well as the volatility in raw material prices, which led to a decline in profit margins. Additionally, the net profit was impacted by a foreign exchange loss amounting to SAR 2.7 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The 20% increase in sales during the current quarter compared to the previous quarter is due to higher sales of paper rolls, increased sales and prices of converted products, and a rise in recycled paper sales to a subsidiary company. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net profit during the current quarter compared to the previous quarter is mainly due to a significant rise in sales and the volume of sold quantities, which led to improved profit margins. This was further supported by a decrease in finance costs amounting to SAR 2 million. This improvement came despite recording a foreign exchange loss during the current quarter of SAR 2.7 million. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Nothing |
| Reclassification of Comparison Items | Nothing |
| Additional Information | Basic earnings per share (EPS) are calculated by dividing the net profit attributable to the company’s ordinary shareholders by the weighted average number of outstanding ordinary shares during the period.
The weighted average number of outstanding shares for the current quarter is 36,954,212 shares (calculated based on the total number of shares amounting to 37,070,000 shares, net of treasury shares held totaling 115,788 shares). The weighted average number of outstanding shares for the corresponding quarter of the previous year is also 36,954,212 shares (calculated based on the total number of shares amounting to 33,700,000 shares, net of treasury shares held totaling 105,262 shares, and then adjusted by a stock grant factor of 1.10). |
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