Sahara International Petrochemical Co. 2023 Annual Results
Sahara International Petrochemical Co. (2310) reported full year 2023 revenue of SAR 7.62B, up 40.7% from SAR 5.41B in 2022. Net profit came in at SAR 1.36B, down 62.3% year on year. Earnings per share were SAR 1.62. The company generated SAR 2.34B 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 1.72 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.72.
Year on Year Comparison
Revenue increased by 40.7% compared to 2022. Net profit decreased by 62.3%. 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: 2024-03-12.