Paper Home Co. announces its Interim Financial results for the period ending on 2024-06-30 ( Six Months )

25 August 2024 02:59 PM

PAPER HOME 9576 3.21% 37.34 1.16

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	44,862	50,700	-11.514
Net profit (Loss)	6,852	8,503	-19.416
Total Shareholders Equity (after Deducting Minority Equity)	72,307	56,477	28.029
Profit (Loss) per Share	4.57	5.67
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	Due to the decrease in the selling price per ton by 18 for the period ending on 06-30-2024 AD
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Due to the decrease in the selling price of a ton of paper products, it led to a decrease in net profits
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Machinery depreciation was reclassified as general expenses to revenue costs, and the provision for expected credit losses on receivables was reclassified as selling and marketing expenses to the provision for expected credit losses on receivables.

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