Business · Companies · 1 day ago
Mepco’s third-quarter profit falls 9.9% despite higher revenue
Saudi paper producer Mepco’s third-quarter profit fell 9.9% to 12.9 million riyals, or about $3.4 million.
The company’s net profit was also down 15.6% from the second quarter of 2026.
Revenue rose 2% year on year to 284.7 million riyals, or about $75.7 million.
Mepco said higher general and administrative expenses and losses on financial assets weighed on profit, along with lower other operating and financing income.
A stronger sales mix lifted average selling prices, offsetting a decline in the quantity sold during the quarter.
For the first nine months, profit rose 5.3% to 26.2 million riyals, while revenue increased 1.7% to 827 million riyals.
Mepco’s third-quarter 2026 net profit fell 9.9% to 12.9 million riyals ($3.4 million) from the same quarter a year earlier.
Revenue rose 2% to 284.7 million riyals ($75.7 million).
The company attributed the profit decline mainly to higher general and administrative expenses and losses from impairment of financial assets.
Higher gross profit and a positive zakat impact partly offset the decline.
For the first nine months of 2026, net profit rose 5.3% and revenue increased 1.7% year on year.
- Who
- Middle East Paper Company, known as Mepco.
- What
- Its third-quarter 2026 net profit fell 9.9% year on year, while revenue rose 2%.
- When
- The third quarter of 2026. The report was published on November 8, 2026.
- Where
- Saudi Arabia.
- Why
- Higher general and administrative expenses, financial-asset impairment losses, and lower other operating and financing income weighed on profit.
This story does not have two clearly opposing sides.
Mepco recorded net profit of 14.3 million riyals and revenue of 279 million riyals.
Mepco recorded net profit of 15.3 million riyals.
Net profit was 12.9 million riyals, while revenue reached 284.7 million riyals.
Revenue rose to 827 million riyals and net profit rose to 26.2 million riyals.
- Third-quarter net profit
- 12.9 million riyals ($3.4 million), down 9.9% year on year
- Third-quarter revenue
- 284.7 million riyals ($75.7 million), up 2% year on year
- Nine-month revenue
- 827 million riyals ($220 million), up 1.7%
- Nine-month net profit
- 26.2 million riyals ($7 million), up 5.3%