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United Wire Factories Co. 2023 Annual Results

Revenue
SAR 793M
Net Profit
SAR 20M
EPS
SAR 0.63
Operating Cash Flow
SAR 3M

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.

Key Financial Metrics

Metric20232022
RevenueSAR 793MSAR 919M
Net ProfitSAR 20MSAR 57M
Gross ProfitSAR 107M
Net Margin2.6%6.2%
ROE5.5%12.6%
EPSSAR 0.63
Total AssetsSAR 456MSAR 575M
Total EquitySAR 372MSAR 450M
Total LiabilitiesSAR 84M
Operating Cash FlowSAR 3M

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.