Arabian Pipes Co. 2023 Annual Results
Arabian Pipes Co. (2200) reported full year 2023 revenue of SAR 1.08B, up 122.9% from SAR 483M in 2022. Net profit came in at SAR 132M, up 1368.7% year on year. Earnings per share were SAR 13.21. The company generated SAR -5M 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 -0.03 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.03.
Year on Year Comparison
Revenue increased by 122.9% compared to 2022. Net profit increased by 1368.7%. Both revenue and profit grew — indicating expanding business.
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.