Saudi Paper Manufacturing Co. 2023 Annual Results
Saudi Paper Manufacturing Co. (2300) reported full year 2023 revenue of SAR 811M, up 57.5% from SAR 515M in 2022. Net profit came in at SAR 73M, up 55.5% year on year. Earnings per share were SAR 2.17. The company generated SAR 60M 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 0.83 arrived as operating cash flow — indicating High quality earnings with a cash conversion ratio of 0.83.
Year on Year Comparison
Revenue increased by 57.5% compared to 2022. Net profit increased by 55.5%. 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: 2024-03-20.