Nofoth Food Products Co. 2023 Annual Results
Nofoth Food Products Co. (2288) reported full year 2023 revenue of SAR 308M, up 151.7% from SAR 122M in 2022. Net profit came in at SAR 43M, up 35.5% year on year. Earnings per share were SAR 1.78. The company generated SAR 68M 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 1.60 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.60.
Year on Year Comparison
Revenue increased by 151.7% compared to 2022. Net profit increased by 35.5%. 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: 2024-04-14.