Middle East Paper Company (MEPCO) announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 215,590 | 212,739 | 1.34 | 218,568 | -1.362 |
| Total Profit (Loss) | 65,081 | 55,302 | 17.682 | 63,118 | 3.11 |
| Profit (Loss) Operational | 36,924 | 27,701 | 33.294 | 36,495 | 1.175 |
| Net Profit (Loss) after Zakat and Tax | 30,165 | 22,218 | 35.768 | 28,917 | 4.315 |
| Total Comprehensive Income | 30,165 | 22,218 | 35.768 | 28,917 | 4.315 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 659,169 | 565,957 | 16.469 |
| Total Profit (Loss) | 190,303 | 132,390 | 43.744 |
| Profit (Loss) Operational | 108,505 | 64,490 | 68.25 |
| Net Profit (Loss) after Zakat and Tax | 87,158 | 43,646 | 99.692 |
| Total Comprehensive Income | 87,158 | 43,646 | 99.692 |
| Total Share Holders Equity (after deducting minority equity) | 765,222 | 699,612 | 9.378 |
| Profit (Loss) per Share | 1.75 | 0.87 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year | The main reasons for the increase in gross profit, operating profit and net profit are increase in sales revenue, decrease in general and administrative expenses and fair value gain on derivative financial instruments. However, impact of above is partially offset by increase in cost of sales per ton, selling and distribution expenses, finance cost and other expenses. |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | The main reasons for the increase in gross profit, operating profit and net profit are decrease in cost of sales per ton, decrease in other expenses, finance cost, and zakat expenses. However, impact of above is partially offset by increase in general and administrative expenses and decrease in fair value gain on derivative financial instruments. |
| Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year | The main reasons for the increase in gross profit, operating profit and net profit are increase in sales revenue, increase in fair value gain on derivative financial instruments and decrease in finance cost and. However, impact of above is partially offset by the increase in cost of sales per ton, general and administrative expenses, selling and distribution expenses, other expenses and zakat expenses. |
| Type of the external auditor's opinion | Unmodified opinion |
| Additional Information | 1- Sales Revenue for the quarter was SR 215.59 Million compared to SR 212.74 Million for the same quarter last year, an increase of 1.34%, and compared to SR 218.57 Million for the previous quarter, a decrease of 1.36%. 2- Sales Revenue for the current period amounted to SR 659.17 Million compared to SR 565.96 Million for the corresponding period of previous year, an increase of 16.47%. 3-Total Comprehensive Income for the quarter was SR 30.16 Million compared to SR 22.22 Million for the same quarter last year, an increase of 35.77%, and compared to SR 28.92 Million for the previous quarter, an increase of 4.31%. 4- Total Comprehensive Income for the current period is SR 87.16 Million compared to SR 43.65 Million for the same period last year, an increase of 99.69%. 5-Total Shareholders' Equity during the current period amounted to SR 765.22 Million compared to SR 699.61 Million for the same period last year, an increase of 9.4% (there are no minority rights). 6- External Auditor reviewed the financial statements and issued unmodified review report. 7- For more information please see the attached file. |
| Attached Documents |  |
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