Saudi Printing and Packaging Co. (SPPC) widened net loss after Zakat and tax to SAR 59.3 million in 2021, compared to a loss of SAR 20.54 million in the year before, due to higher cost of raw materials.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 767.69 | 783.64 | 2.1 % |
| Gross Income | 127.42 | 88.98 | (30.2 %) |
| Operating Income | 13.96 | (23.19) | (266.1 %) |
| Net Income | (20.55) | (59.30) | (188.6 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.34) | (0.99) | (188.6 %) |
In Q4 2021, SPPC widened net loss after Zakat and tax to SAR 12.64 million, compared to SAR 8.95 million a year earlier due to lower gross profit.
On a sequential basis, net loss narrowed from SAR 17.75 million.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 169.34 | 212.38 | 25.4 % |
| Gross Income | 25.83 | 25.62 | (0.8 %) |
| Operating Income | (0.11) | (3.02) | (2,571.7 %) |
| Net Income | (8.95) | (12.64) | (41.2 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.15) | (0.21) | (41.2 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 203.61 | 212.38 | 4.3 % |
| Gross Income | 19.14 | 25.62 | 33.9 % |
| Operating Income | (8.74) | (3.02) | 65.5 % |
| Net Income | (17.75) | (12.64) | 28.8 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.30) | (0.21) | 28.8 % |
Shareholders' equity, after excluding minority interests, at the end of the period amounted to SAR 641.75 million, compared to SAR 702.74 million a year earlier.
Elsewhere, accumulated losses amounted to SAR 66.6 million, or 11.1% of the capital.
Total comprehensive loss, meanwhile, rose 188% to stand at SAR 61 million, compared to SAR 21.16 million in the year before.
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