11 Hrs
Source:
مباشر
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Paper profits rise 39.78%
Saudi Paper Manufacturing Company’s net profit rose 39.78% year on year in the third quarter of 2026 to SAR 20.24 million, compared with SAR 14.48 million. The company attributed the increase to revenue growth and a SAR 9.8 million rise in gross profit, driven by higher sales and the benefits of additional capacity from its fifth production line, as well as higher earnings from an associate. Revenue reached SAR 247.27 million, up 30.8%, while net profit fell 59.8% compared with the second quarter. Excluding a non-recurring profit of SAR 6.2 million in the corresponding period last year, net profit from continuing operations rose 143.3%.
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