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Middle East Specialized Cables Co. 2021 Annual Results

Revenue

SAR 517M

Net Profit

SAR -23M

EPS

SAR -0.57

Operating Cash Flow

SAR 63M

Middle East Specialized Cables Co. (2370) reported full year 2021 revenue of SAR 517M, up 21.3% from SAR 426M in 2020. Net profit came in at SAR -23M, down 1199.0% year on year. Earnings per share were SAR -0.57. The company generated SAR 63M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2021	2020
Revenue	SAR 517M	SAR 426M
Net Profit	SAR -23M	SAR 2M
Gross Profit		SAR 100M
Net Margin	-4.4%	0.5%
ROE	-6.7%	0.6%
EPS	SAR -0.57
Total Assets	SAR 666M	SAR 674M
Total Equity	SAR 338M	SAR 361M
Total Liabilities	SAR 328M
Operating Cash Flow	SAR 63M

Year on Year Comparison

Revenue increased by 21.3% compared to 2020. Net profit decreased by 1199.0%. Revenue grew but profit declined — suggesting margin pressure.

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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: 2023-12-07.