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Middle East Specialized Cables Co. 2022 Annual Results

Revenue

SAR 814M

Net Profit

SAR -12M

EPS

SAR -0.29

Operating Cash Flow

SAR -43M

Middle East Specialized Cables Co. (2370) reported full year 2022 revenue of SAR 814M, up 57.7% from SAR 517M in 2021. Net profit came in at SAR -12M, up 48.1% year on year. Earnings per share were SAR -0.29. The company generated SAR -43M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2022	2021
Revenue	SAR 814M	SAR 517M
Net Profit	SAR -12M	SAR -23M
Net Margin	-1.4%	-4.4%
ROE	-3.6%	-6.7%
EPS	SAR -0.29	SAR -0.57
Total Assets	SAR 768M	SAR 666M
Total Equity	SAR 328M	SAR 338M
Total Liabilities	SAR 440M	SAR 328M
Operating Cash Flow	SAR -43M	SAR 63M

Year on Year Comparison

Revenue increased by 57.7% compared to 2021. Net profit increased by 48.1%. Both revenue and profit grew — indicating expanding business.

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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.