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Wafrah for Industry and Development Co. 2023 Annual Results

Revenue

SAR 162M

Net Profit

SAR 21M

EPS

SAR 0.91

Operating Cash Flow

SAR 18M

Wafrah for Industry and Development Co. (2100) reported full year 2023 revenue of SAR 162M, up 303.4% from SAR -79M in 2022. Net profit came in at SAR 21M, up 10.4% year on year. Earnings per share were SAR 0.91. The company generated SAR 18M 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 0.84 arrived as operating cash flow — indicating High quality earnings with a cash conversion ratio of 0.84.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 162M	SAR -79M
Net Profit	SAR 21M	SAR 19M
Gross Profit		SAR 56M
Net Margin	13.0%	-23.9%
ROE	9.0%	8.6%
EPS	SAR 0.91
Total Assets	SAR 322M	SAR 311M
Total Equity	SAR 232M	SAR 222M
Total Liabilities	SAR 90M
Operating Cash Flow	SAR 18M

Year on Year Comparison

Revenue increased by 303.4% compared to 2022. Net profit increased by 10.4%. 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: 2024-04-03.