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21/04/2013 16:18 AST
Saudi Printing & Packaging Company (SPPC) announces its interim consolidated financial results for the period ended March 31, 2013:
1. The net income for the first quarter was SR 13.7 Million compared to SR 8.1 Million for the same quarter of the previous year, representing an increase of 69.1% and compared to SR 86.0 Million for the fourth quarter of the previous year; representing a decrease of 84.1%.
2. The gross profit for the first quarter was SR 57.7 Million compared to SR 19.8 Million for the same quarter of the previous year, representing an increase of 191.4%.
3. The income from operations for the first quarter was SR 26.5 Million compared to SR 10.5 Million for the same quarter of the previous year, representing an increase of 152.4%.
4. The earnings per share for the first quarter was SR 0.23 compared to SR 0.14 for the same quarter of the previous year.
5. The increase in net income, gross profit, income from operations and other income for the first quarter of 2013 compared to the same quarter of the previous year is mainly attributable to including the financial results of the first quarter of 2013 of Emirates National Factory for Plastic Industries L.L.C. (ENPI), which was wholly acquired during the third quarter of 2012, in SPPCs interim consolidated financial statements.
6. The decrease in net income for the first quarter of 2013 compared to the fourth quarter of 2012 is mainly attributable to a capital gain amounting to SR 77.0 Million included in other income for the fourth quarter of 2012 arising from the sale of part of SPPCs land located in Dhahban district in Jeddah.
7. The main reason for increase in the following expenses in the first quarter of 2013 compared to the same quarter in 2012 is mainly attributable to the following reasons:
- Selling & marketing expenses and general & administrative expenses: including ENPI expenses of the first quarter of 2013.
- Financial charges: including ENPI expenses of the first quarter of 2013 and financial charges of ENPIs acquisition.
Tadawul
10/02/2013
Saudi Printing and Packaging Company (SPPC) announces its consolidated annual financial results for the year ended 31/12/2012:
1. The net income was SR 124.6 Million compared to SR
Tadawul
20/01/2013
Saudi Printing & Packaging Company (SPPC) announces its interim consolidated financial results for the period ended December 31, 2012:
1. The net income for the fourth quarter was SR 86.0 M
Tadawul
13/01/2013
Saudi Printing and Packaging Company, a subsidiary of Saudi Research & Marketing Group, has acquired 100 percent of Emirates National Factory for Plastic Industries (ENPI), it was announced yesterday
Arab News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| CATRION | 120.60 | 0.80 (0.66 |
| TAMDEVELOPMENT | 165.00 | 0.00 (0.00 |
| MAHARAH | 5.89 | 0.07 (1.20 |
| SMASCO | 6.51 | -0.05 (-0.77 |
| ALMAWARID | 152.40 | 1.80 (1.19 |
29/04/2025
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports, transporting crude oil, and providing ot
Asharq Al Awsat
29/04/2025
Gulf Bank has officially released its Fifth Annual Sustainability Report for the year 2024, titled "From Vision to Execution", highlighting the Bank's advancements in sustainability in line with Kuwa
Kuwait Times
29/04/2025
In an interview with CNBC International, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) affirmed the Group's commitment to maintaining excellence and fosterin
Kuwait Times
29/04/2025
Borouge today announced a series of strategic asset expansion projects to accelerate its growth, contributing annually between $165 million and $200 million (AED600 million - AED730 million) in EBITD
Trade Arabia
29/04/2025
Saudi developer Emaar, The Economic City has signed final agreements with four local banks to reschedule SR3.39 billion ($904 million) in existing debt and secure a new credit facility.
In a
Arab News
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