The share of the Arab Plastic Industry Company “IPCO” increased by 22.72% during trading in the parallel Saudi market “growth” today, Wednesday, to circulate at the price of 47 riyals per share, achieving its highest level in 18 months.
115.79 thousand shares of the Arab Plastic Industry Company “IPCO” were traded at that time, with a value of trading 5.4 million riyals.
The highest price for the share at that time was at 49.75 riyals per share, while the lowest price per share was at 38.30 riyals per share.
The stock touched the highest price in a year and 6 months.
The initial financial results of the Arab Plastic Company “IPCO” revealed that it registered a net profit after zakat and the tax of about 5.30 million riyals during the current period, compared to 6.51 million riyals in the same period last year.
“IPCO” also increased in its net profit for 2023 by 40.09% on an annual basis, as the net profit after zakat and tax reached about 13.03 million riyals, compared to 9.30 million riyals in 2022.
The Arab Plastic Industry Company (known as “IPCO”) is a public company listed in the Saudi financial market “the parallel market” (growth) since September 2022.
IPCO works in the non -chemical materials sector, with its focus on metals and plastic products. The company’s headquarters is located in Jeddah, Saudi Arabia, and it was established in January 1996.
