RIYADH: Saudi papers maker MEPCO has posted a 216 percent leap in profits during the first half of 2022 fueled by higher revenues.
Profits of the company, formally known as Middle East Paper Co., rose to SR192 million ($51 million) in the first half, up from SR60 million in the prior year period, it said in a bourse filing.
This was coupled with a 45 percent increase in revenue to SR652 million during the same period owing to higher demand and pricing.