Middle East Company for Manufacturing and Producing Paper Full Year 2023 Earnings: Misses Expectations

Middle East Company for Manufacturing and Producing Paper (TADAWUL:1202) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س866.8m (down 27% from FY 2022).
• Net loss: ر.س80.3m (down by 130% from ر.س269.7m profit in FY 2022).
• EPS: ر.س1.20 (down from ر.س4.05 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Middle East Company for Manufacturing and Producing Paper Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Forestry industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 2.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Middle East Company for Manufacturing and Producing Paper (of which 1 is significant!) you should know about.

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