National Industrialization Co. 2023 Annual Results
National Industrialization Co. (2060) reported full year 2023 revenue of SAR 3.57B, up 18.2% from SAR 3.02B in 2022. Net profit came in at SAR 175M, down 73.8% year on year. Earnings per share were SAR 0.26. The company generated SAR 150M 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 0.86 arrived as operating cash flow — indicating High quality earnings with a cash conversion ratio of 0.86.
Year on Year Comparison
Revenue increased by 18.2% compared to 2022. Net profit decreased by 73.8%. Revenue grew but profit declined — suggesting margin pressure.
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: 2024-03-13.