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Middle East Specialized Cables Co. 2023 Annual Results

Revenue

SAR 927M

Net Profit

SAR 49M

EPS

SAR 1.22

Operating Cash Flow

SAR 82M

Middle East Specialized Cables Co. (2370) reported full year 2023 revenue of SAR 927M, up 13.8% from SAR 814M in 2022. Net profit came in at SAR 49M, up 515.1% year on year. Earnings per share were SAR 1.22. The company generated SAR 82M 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 1.67 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.67.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 927M	SAR 814M
Net Profit	SAR 49M	SAR -12M
Net Margin	5.3%	-1.4%
ROE	13.0%	-3.6%
EPS	SAR 1.22	SAR -0.29
Total Assets	SAR 771M	SAR 768M
Total Equity	SAR 378M	SAR 328M
Total Liabilities	SAR 393M	SAR 440M
Operating Cash Flow	SAR 82M	SAR -43M

Year on Year Comparison

Revenue increased by 13.8% compared to 2022. Net profit increased by 515.1%. 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: 2024-09-15.