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Saudi Printing and Packaging Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 779.16 | 1,000.09 | -22.09 | ||
| Gross Profit (Loss) | 82.44 | 142.39 | -42.1 | ||
| Operational Profit (Loss) | -72.31 | 19.71 | - | ||
| Net profit (Loss) | -132.3 | -9.22 | 1,334.92 | ||
| Total Comprehensive Income | -136.5 | -3.8 | 3,492.11 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 501.44 | 637.94 | -21.4 | ||
| Profit (Loss) per Share | -2.21 | -0.15 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | 101.05 | 16.84 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The main reason for the decrease in revenues during the fiscal year 2023 compared to the previous year 2022 is due to the decrease in revenues in the printing and packaging sectors due to not obtaining some of the projects planned during the year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The main reason for the decrease in total profit is due to the decrease in sales, Additionally, the increase in net loss during the fiscal year 2023 compared to the net loss in the fiscal year 2022 is due to the previous reasons, as well as the increase in banking expenses and the goodwill impairment. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | NA |
| Reclassification of Comparison Items | Certain figures for the comparative period have been reclassified to conform with the presentation for the current period. |
| Additional Information | 1- Sales during the current year amounted to 779.16 million riyals, compared to 1,000.09 million riyals for the same period of the previous year, a decrease of 22%. 2- Total shareholders’ equity (no minority rights) during the current period amounted to 501.44 million riyals, compared to 637.94 million riyals for the same period of the previous year, a decrease of 21%. 3- The accumulated losses amounted to 101.05 million riyals, representing 16.84% of the capital. 4- The total comprehensive loss during the current period amounted to 136.5 million riyals, compared to 3.8 million riyals for the same period of the previous year, a decrease of 3492%. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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