Middle East Company for Manufacturing and Producing Paper reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SAR 346.95 million compared to SAR 250.45 million a year ago. Net income was SAR 98.6 million compared to SAR 43.09 million a year ago. Basic earnings per share from continuing operations was SAR 1.4775 compared to SAR 0.6525 a year ago.
For the six months, sales was SAR 651.96 million compared to SAR 450.97 million a year ago. Net income was SAR 190.98 million compared to SAR 60.81 million a year ago. Basic earnings per share from continuing operations was SAR 2.865 compared to SAR 0.915 a year ago.