Stock Analysis
- Saudi Arabia
- /
- Paper and Forestry Products
- /
- SASE:1202
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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SASE:1202
Middle East Company for Manufacturing and Producing Paper
Engages in the production and sale of container boards and industrial papers in the Kingdom of Saudi Arabia, the Middle East, Africa, Asia, and Europe.