The National Company for Glass Industries 2023 Annual Results
The National Company for Glass Industries (2150) reported full year 2023 revenue of SAR 154M, up 41.4% from SAR 109M in 2022. Net profit came in at SAR 48M, down 54.1% year on year. Earnings per share were SAR 1.46. The company generated SAR 41M 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 0.85 arrived as operating cash flow — indicating High quality earnings with a cash conversion ratio of 0.85.
Year on Year Comparison
Revenue increased by 41.4% compared to 2022. Net profit decreased by 54.1%. 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: 2024-03-27.