UCIC’s profits decreased to 20.6 million riyals in the third quarter

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UCIC’s profits decreased to 20.6 million riyals in the third quarter

The profits of the United Carton Industries Company decreased "UCIC" In the third quarter of 2025, by 43.9% to 20.6 million riyals, compared to 36.7 million riyals in the same quarter of last year.

According to the company’s statement on the website "Saudi Arabia trading"The decrease in net profit is mainly due to the increase in prices of raw materials, especially paper, in the local and international markets compared to the same quarter of the previous year, which led to an increase in the cost of revenues.

It noted that part of this was offset by the increase in sales volume in all sectors and the financial income gained from short-term deposits compared to the same quarter of the previous year.

/>The increase in net profit during the current quarter compared to the previous quarter is mainly due to the increase in sales volume in all sectors and a slight decrease in costs, especially paper, in the local and global markets compared to the previous quarter.

According to the statement, the decrease in net profit during 9 months is mainly due to the rise in prices of raw materials, especially paper, in the local and global markets compared to the similar period. than the previous year.

This resulted in an increase in cost of revenues, part of which was offset by increased sales volume and financial income earned from short-term deposits compared to the same period of the previous year.