United Wire Factories Co. 2023 Annual Results
United Wire Factories Co. (1301) reported full year 2023 revenue of SAR 793M, down 13.7% from SAR 919M in 2022. Net profit came in at SAR 20M, down 64.0% year on year. Earnings per share were SAR 0.63. The company generated SAR 3M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.
Earnings Quality
Of every SAR 1.00 in reported net profit, SAR 0.13 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of 0.13.
Year on Year Comparison
Revenue decreased by 13.7% compared to 2022. Net profit decreased by 64.0%. Both revenue and profit declined year on year.
Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2024-04-01.