Money and business
MBCO losses 3.7% to 77.3 million riyals in 2024
The net losses of the Middle East Company for Paper Industry and Production (MBCO) decreased by 3.7% in 2024, to 77.3 million riyals, compared to 80.26 million riyals in 2023.
According to the company’s statement on the circulation of Saudi Arabia, the decrease in losses is due to the increase in revenues by 23%, which led to an increase in the total profit rate to 10% of the total revenue compared to 5% last year.
According to the company’s statement on the circulation of Saudi Arabia, the decrease in losses is due to the increase in revenues by 23%, which led to an increase in the total profit rate to 10% of the total revenue compared to 5% last year.
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