Middle East Company for Manufacturing and Producing Paper reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was SAR 223.95 million compared to SAR 305.02 million a year ago. Net loss was SAR 6.56 million compared to net income of SAR 92.39 million a year ago.

Basic loss per share from continuing operations was SAR 0.1 compared to basic earnings per share from continuing operations of SAR 1.39 a year ago.