Electrical Industries Co. 2023 Annual Results

Electrical Industries Co. (1303) reported full year 2023 revenue of SAR 1.56B, up 88.2% from SAR 828M in 2022. Net profit came in at SAR 201M, up 113.5% year on year. Earnings per share were SAR 0.18. The company generated SAR 107M 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 0.53 arrived as operating cash flow — indicating Moderate quality earnings with a cash conversion ratio of 0.53.

Key Financial Metrics

Year on Year Comparison

Revenue increased by 88.2% compared to 2022. Net profit increased by 113.5%. Both revenue and profit grew — indicating expanding business.