Saudi Printing’s losses shrink in 2022

The Tadawul-listed firm posted revenues higher by 27.62%

Staff Writer, Mubasher

March 22, 2023

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Saudi Printing and Packaging Company reported 84.45% lower net losses after Zakat and tax at SAR 9.22 million in 2022, compared to SAR 59.30 million in 2021.

The Tadawul-listed firm posted revenues worth SAR 1 billion last year, higher by 27.62% than SAR 783.64 million in 2021, according to the annual financial results.

Loss per share amounted to SAR 0.15 in the January-December 2022 period, versus SAR 0.99 a year earlier.

Accumulated Losses

Saudi Printing incurred accumulated losses worth SAR 70.40 million as of 31 December 2022, which is equivalent to 11.73% of the SAR 600 million capital.

In the first nine months (9M) of 2022, the company’s net losses after Zakat and tax plummeted by 86.63% to SAR 6.24 million from SAR 46.66 million in 9M-21.

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