Saudi Arabia SASE:1202 Should You Use Middle East Company for Manufacturing and Producing Paper's (TADAWUL:1202) Statutory Earnings To Analyse It? By December 20, 2020 As a general rule, we think profitable companies are less risky than companies that lose money. Having said that, sometimes statutory profit levels are not a good guide to ongoing profitability, because some short term one-off factor has impacted profit levels. This article will consider whether Middle East Company for Manufacturing and Producing Paper's (TADAWUL:1202) statutory profits are a good guide to its underlying earnings. While Middle East Company for Manufacturing and Producing Paper was able to generate revenue of ر.س687.4m in the last twelve months, we think its profit result of ر.س19.5m was more important. In the last few years both its revenue and its profit have fallen, as you can see in the chart below.