Riyadh – Mubasher: Middle East Paper Co (MEPCO) on Wednesday posted a net profit decline by 44% to SAR 13.08 million ($3.48 million) for the first quarter of the year, compared to SAR 18.46 million ($6.18 million) in the same period the year before.
A decline in the value of sales including an increased cost of energy resulted in the profit drop, MEPCO added in its statement to the Saudi Stock Exchange (Tadawul).
