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Saudi Cable Co. 2023 Annual Results

Revenue

SAR 31M

Net Profit

SAR 37M

EPS

SAR 5.48

Operating Cash Flow

SAR -29M

Saudi Cable Co. (2110) reported full year 2023 revenue of SAR 31M, down 57.9% from SAR 73M in 2022. Net profit came in at SAR 37M, up 106.3% year on year. Earnings per share were SAR 5.48. The company generated SAR -29M 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 -0.80 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.80.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 31M	SAR 73M
Net Profit	SAR 37M	SAR -585M
Net Margin	119.2%	-802.1%
ROE	-7.9%	117.8%
EPS	SAR 5.48	SAR -25.04
Total Assets	SAR 589M	SAR 790M
Total Equity	SAR -465M	SAR -496M
Total Liabilities	SAR 1.05B	SAR 1.29B
Operating Cash Flow	SAR -29M	SAR -54M

Year on Year Comparison

Revenue decreased by 57.9% compared to 2022. Net profit increased by 106.3%. 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: 2024-05-13.