24 November 2006
United Paper Industries, the Bahrain manufacturer, saw gross profit ahead in the second quarter of the year compared to 2005 but suffered at the bottom line as it faced increased costs.
The company, also known as Bahrain Pack, yesterday posted a second quarter gross profit of BD 282,971 for the three months to the end of September, up from BD 269,533 for the same period last year.
But net profit fell to BD88,791 from BD 115,197 after operating expenses increased from BD 141,851 to BD 176,272.
For the six months to end September gross profit was up from BD 489,246 to BD 564,878 but net profit managed to just edge ahead, from BD 160,558 to BD 161,567.
The company, which was established in 1993 by Bahraini and Saudi investors, manufactures all types of paper and cardboard products and packing materials.
It has been listed on the Bahrain Stock Exchange since October 2003.
United Paper Industries, the Bahrain manufacturer, saw gross profit ahead in the second quarter of the year compared to 2005 but suffered at the bottom line as it faced increased costs.
The company, also known as Bahrain Pack, yesterday posted a second quarter gross profit of BD 282,971 for the three months to the end of September, up from BD 269,533 for the same period last year.
But net profit fell to BD88,791 from BD 115,197 after operating expenses increased from BD 141,851 to BD 176,272.
For the six months to end September gross profit was up from BD 489,246 to BD 564,878 but net profit managed to just edge ahead, from BD 160,558 to BD 161,567.
The company, which was established in 1993 by Bahraini and Saudi investors, manufactures all types of paper and cardboard products and packing materials.
It has been listed on the Bahrain Stock Exchange since October 2003.
© Bahrain Tribune 2006
