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Saudi Steel Pipe Co. 2023 Annual Results

Revenue

SAR 1.33B

Net Profit

SAR 217M

EPS

SAR 3.42

Operating Cash Flow

SAR 315M

Saudi Steel Pipe Co. (1320) reported full year 2023 revenue of SAR 1.33B, up 108.4% from SAR 640M in 2022. Net profit came in at SAR 217M, up 301.2% year on year. Earnings per share were SAR 3.42. The company generated SAR 315M 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 1.45 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.45.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 1.33B	SAR 640M
Net Profit	SAR 217M	SAR 54M
Gross Profit		SAR 107M
Net Margin	16.3%	8.5%
ROE	30.1%	9.8%
EPS	SAR 3.42
Total Assets	SAR 2.04B	SAR 1.04B
Total Equity	SAR 722M	SAR 551M
Total Liabilities	SAR 1.15B
Operating Cash Flow	SAR 315M

Year on Year Comparison

Revenue increased by 108.4% compared to 2022. Net profit increased by 301.2%. Both revenue and profit grew — indicating expanding business.

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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: 2024-03-03.