Middle East Company for Manufacturing and Producing Paper Second Quarter 2024 Earnings: EPS: ر.س0.05 (vs ر.س0.30 loss in 2Q 2023)

Middle East Company for Manufacturing and Producing Paper (TADAWUL:1202) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س255.1m (up 35% from 2Q 2023).
• Net income: ر.س4.04m (up from ر.س20.2m loss in 2Q 2023).
• Profit margin: 1.6% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
• EPS: ر.س0.05 (up from ر.س0.30 loss in 2Q 2023).

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

Middle East Company for Manufacturing and Producing Paper Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Forestry industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 3.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Middle East Company for Manufacturing and Producing Paper (1 is a bit unpleasant) you should be aware of.

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