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Saudi Manpower Solutions Co. 2023 Annual Results

Revenue

SAR 1.83B

Net Profit

SAR 166M

EPS

SAR 0.42

Operating Cash Flow

SAR 182M

Saudi Manpower Solutions Co. (1834) reported full year 2023 revenue of SAR 1.83B, down 0.7% from SAR 1.84B in 2022. Net profit came in at SAR 166M, up 4.3% year on year. Earnings per share were SAR 0.42. The company generated SAR 182M 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 1.09 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.09.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 1.83B	SAR 1.84B
Net Profit	SAR 166M	SAR 159M
Net Margin	9.1%	8.7%
ROE	31.9%	30.2%
EPS	SAR 0.42	SAR 0.38
Total Assets	SAR 1.01B	SAR 1.01B
Total Equity	SAR 522M	SAR 528M
Total Liabilities	SAR 491M	SAR 481M
Operating Cash Flow	SAR 182M	SAR 198M

Year on Year Comparison

Revenue decreased by 0.7% compared to 2022. Net profit increased by 4.3%. Revenue declined but profit grew — indicating improved efficiency or cost control.

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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: 2024-06-13.