Middle East Paper Co. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
January 21, 2016 at 11:32 pm
Middle East Paper Co. announced earnings results for the fourth quarter and full year ended December 31, 2015. The company has reported that net profit for the fourth quarter ended December 31, 2015 was SAR 2.77 million, compared to SAR 22.91 million for the same quarter ended December 31, 2014. Operational profit for the fourth quarter ended December 31, 2015 was SAR 9.59 million, compared to SAR 31.88 million for the same quarter ended December 31, 2014.
Net profit for the year ended December 31, 2015 was SAR 55.12 million, or SAR 1.1 per share, compared to SAR 111.34 million, or SAR 2.23 per share, for the year ended December 31, 2014. Operational profit for the year ended December 31, 2015 was SAR 78.02 million, compared to SAR 141.99 million for the year ended December 31, 2014.