Home / Middle East Specialized Cables Co. / 2019 Annual Results

Middle East Specialized Cables Co. 2019 Annual Results

Revenue

SAR 395M

Net Profit

SAR -25M

Middle East Specialized Cables Co. (2370) reported full year 2019 revenue of SAR 395M, down 24.5% from SAR 523M in 2018. Net profit came in at SAR -25M, up 69.3% year on year. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2019	2018
Revenue	SAR 395M	SAR 523M
Net Profit	SAR -25M	SAR -80M
Gross Profit	SAR 73M	SAR 69M
Net Margin	-6.2%	-15.3%
ROE	-6.8%	-20.8%
Total Assets	SAR 674M	SAR 748M
Total Equity	SAR 360M	SAR 385M

Year on Year Comparison

Revenue decreased by 24.5% compared to 2018. Net profit increased by 69.3%. Revenue declined but profit grew — indicating improved efficiency or cost control.

View full company profile →

View all years:

2024 2023 2022 2021 2020 2019 2018 2017

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: 2020-03-30.