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ARTEX Industrial Investment Co. 2023 Annual Results

Revenue

SAR 523M

Net Profit

SAR -75M

EPS

SAR -0.92

Operating Cash Flow

SAR 9M

ARTEX Industrial Investment Co. (2340) reported full year 2023 revenue of SAR 523M, down 11.7% from SAR 592M in 2022. Net profit came in at SAR -75M, down 29.2% year on year. Earnings per share were SAR -0.92. The company generated SAR 9M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 523M	SAR 592M
Net Profit	SAR -75M	SAR -58M
Gross Profit		SAR 56M
Net Margin	-14.3%	-9.8%
ROE	-6.2%	-4.5%
EPS	SAR -0.92
Total Assets	SAR 1.56B	SAR 1.61B
Total Equity	SAR 1.20B	SAR 1.28B
Total Liabilities	SAR 362M
Operating Cash Flow	SAR 9M

Year on Year Comparison

Revenue decreased by 11.7% compared to 2022. Net profit decreased by 29.2%. 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: 2024-04-14.