PHOTO
An investor walks past a screen displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia June 29, 2016.Image used for illustrative purpose. REUTERS. Faisal Al Nasser
Riyadh – Saudi Printing and Packaging Company reported 65.84% year-on-year (YoY) higher net losses at SAR 219.41 million at the end of December 2024, compared to SAR 132.30 million.
Revenues dropped by 7.44% to SAR 721.20 million last year from SAR 779.16 million in 2023, as per the financial results. Loss per share increased to SAR 3.66 from SAR 2.21 a.
At the end of September 2024, Dar Al Arkan logged net profits worth SAR 453.46 million, an annual rise of 9% from SAR 416.01 million.
In the first nine months (9M) of 2024, the company’s net losses enlarged by 129.11% to SAR 131.40 million from SAR 57.35 million in 9M-23.
Source: Mubasher
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