Middle East Company for Manufacturing and Producing Paper reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SAR 303.52 million compared to SAR 279.48 million a year ago. Net income was SAR 53.93 million compared to SAR 65.04 million a year ago. Basic earnings per share from continuing operations was SAR 0.81 compared to SAR 0.9825 a year ago.
For the nine months, sales was SAR 955.49 million compared to SAR 730.45 million a year ago. Net income was SAR 244.91 million compared to SAR 125.85 million a year ago. Basic earnings per share from continuing operations was SAR 3.675 compared to SAR 1.8975 a year ago.