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Advanced Petrochemical Co. 2023 Annual Results

Revenue

SAR 2.37B

Net Profit

SAR 167M

EPS

SAR 0.66

Operating Cash Flow

SAR 211M

Advanced Petrochemical Co. (2330) reported full year 2023 revenue of SAR 2.37B, down 1.6% from SAR 2.41B in 2022. Net profit came in at SAR 167M, down 43.3% year on year. Earnings per share were SAR 0.66. The company generated SAR 211M 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 1.26 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.26.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 2.37B	SAR 2.41B
Net Profit	SAR 167M	SAR 295M
Gross Profit		SAR 536M
Net Margin	7.0%	12.2%
ROE	5.2%	8.1%
EPS	SAR 0.66
Total Assets	SAR 11.47B	SAR 8.24B
Total Equity	SAR 3.23B	SAR 3.62B
Total Liabilities	SAR 7.87B
Operating Cash Flow	SAR 211M

Year on Year Comparison

Revenue decreased by 1.6% compared to 2022. Net profit decreased by 43.3%. Both revenue and profit declined year on year.

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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: 2024-02-25.