Saudi Printing and Packaging Co. — Earnings Release 2020

Mar 23, 2021

Saudi Printing and Packaging Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

4270 · 23/03/2021 08:05:17 · Announcement #62359 · View on Saudi Exchange

Saudi Printing and Packaging Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	767.69	924.34	-16.947
Gross Profit (Loss)	127.42	131.06	-2.777
Operational Profit (Loss)	13.96	6.95	100.863
Net Profit (Loss) after Zakat and Tax	-20.54	-38.76	-47.007
Total Comprehensive Income	-21.16	-31.21	-32.201
Total Share Holders Equity (after Deducting Minority Equity)	702.74	723.9	-2.923
Profit (Loss) per Share	-0.34	-0.65
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The main reason for the decrease in the gross profit is the decrease in sales, and the increase in operating profit is due to the reduction in selling and marketing expenses and general and administrative expenses. The decrease in net loss during 2020 comparing with 2019 due to the previous reasons and due to reduction of finance expenses
Statement of the type of external auditor's report	Unmodified opinion
Reclassification of Comparison Items	Certain figures for the comparative period have been reclassified to conform with the presentation for the current period.
Additional Information	1- Sales during the current year amounted to 767.69 million riyals compared to 924.34 million riyals for the same period of the previous year, a decrease of 16.95%

2- Total shareholders ’equity (no minority rights) during the current period amounted to 702.74 million riyals compared to 0723.9 million riyals for the same period of the previous year, with a decrease of -2.92%.

3- The accumulated loses as of 31/12/2020 has reached 6.14 million riyals, which represents 1.02% of the capital.

4- Total comprehensive loss during the current period amounted to -21.16 million riyals compared to -31.21 million riyals for the same period of the previous year, with a decrease of -32.19%

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