Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- QSE index closes 0.63 percent higher
- Julphar plans to invest Dh300 million over next five years: CEO
- Emirates NBD in India: Bank gets in-principle nod to set up wholly owned subsidiary
- China's Xiaomi to invest nearly $7 bn in chips
- Gold prices rise as dollar declines
- Travel and tourism sector to contribute QR124.2 billion to Qatar's economy in 2025
- UAE's domestic debt market issuance to hit Dh66.1b in 2025
- Investcorp to invest in expansion of Oman's Port of Duqm
- Acwa Power inks $500m deals with top US firms at key Saudi forum
- NMDC unit eyes Chinese JV to build valve facility in UAE
21/04/2013 16:18 AST
Saudi Printing & Packaging Company (SPPC) announces its interim consolidated financial results for the period ended March 31, 2013:
1. The net income for the first quarter was SR 13.7 Million compared to SR 8.1 Million for the same quarter of the previous year, representing an increase of 69.1% and compared to SR 86.0 Million for the fourth quarter of the previous year; representing a decrease of 84.1%.
2. The gross profit for the first quarter was SR 57.7 Million compared to SR 19.8 Million for the same quarter of the previous year, representing an increase of 191.4%.
3. The income from operations for the first quarter was SR 26.5 Million compared to SR 10.5 Million for the same quarter of the previous year, representing an increase of 152.4%.
4. The earnings per share for the first quarter was SR 0.23 compared to SR 0.14 for the same quarter of the previous year.
5. The increase in net income, gross profit, income from operations and other income for the first quarter of 2013 compared to the same quarter of the previous year is mainly attributable to including the financial results of the first quarter of 2013 of Emirates National Factory for Plastic Industries L.L.C. (ENPI), which was wholly acquired during the third quarter of 2012, in SPPCs interim consolidated financial statements.
6. The decrease in net income for the first quarter of 2013 compared to the fourth quarter of 2012 is mainly attributable to a capital gain amounting to SR 77.0 Million included in other income for the fourth quarter of 2012 arising from the sale of part of SPPCs land located in Dhahban district in Jeddah.
7. The main reason for increase in the following expenses in the first quarter of 2013 compared to the same quarter in 2012 is mainly attributable to the following reasons:
- Selling & marketing expenses and general & administrative expenses: including ENPI expenses of the first quarter of 2013.
- Financial charges: including ENPI expenses of the first quarter of 2013 and financial charges of ENPIs acquisition.
Tadawul
10/02/2013
Saudi Printing and Packaging Company (SPPC) announces its consolidated annual financial results for the year ended 31/12/2012:
1. The net income was SR 124.6 Million compared to SR
Tadawul
20/01/2013
Saudi Printing & Packaging Company (SPPC) announces its interim consolidated financial results for the period ended December 31, 2012:
1. The net income for the fourth quarter was SR 86.0 M
Tadawul
13/01/2013
Saudi Printing and Packaging Company, a subsidiary of Saudi Research & Marketing Group, has acquired 100 percent of Emirates National Factory for Plastic Industries (ENPI), it was announced yesterday
Arab News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| CATRION | 121.80 | -1.20 (-0.98 |
| TAMDEVELOPMENT | 163.00 | 0.00 (0.00 |
| SMASCO | 6.70 | -0.14 (-2.05 |
| MAHARAH | 5.26 | -0.10 (-1.87 |
| ALMAWARID | 140.20 | -2.20 (-1.55 |
20/05/2025
Gulf Pharmaceutical Industries (Julphar) plans to invest Dh300 million over the next five years to expand its manufacturing base and localise advanced pharmaceutical technologies, CEO Basel Ziyadeh c
Gulfnews
20/05/2025
The Reserve Bank of India (RBI) has given an in-principle approval to UAE's Emirates NBD Bank PJSC to set up a wholly owned subsidiary (WOS) in India.
Emirates NBD is currently conducting co
Gulfnews
20/05/2025
Investcorp, a leading global alternative investment firm, on Monday announced that its infrastructure platform has signed a cooperation agreement to invest in a $550 million infrastructure project in
Khaleej Times
20/05/2025
Saudi-based Acwa Power, the world's largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, has announced the signing of MoUs with US compan
Trade Arabia
20/05/2025
NMDC LTS, a business vertical of NMDC Group, a global leader in engineering, procurement, construction (EPC), and marine dredging services, has announced the signing of an MoU to explore the establis
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia