Home / Middle East Specialized Cables Co. / 2024 Annual Results

Middle East Specialized Cables Co. 2024 Annual Results

Revenue

SAR 1.14B

Net Profit

SAR 91M

EPS

SAR 2.27

Operating Cash Flow

SAR -52M

Middle East Specialized Cables Co. (2370) reported full year 2024 revenue of SAR 1.14B, up 23.4% from SAR 927M in 2023. Net profit came in at SAR 91M, up 86.0% year on year. Earnings per share were SAR 2.27. The company generated SAR -52M 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 -0.57 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.57.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 1.14B	SAR 927M
Net Profit	SAR 91M	SAR 49M
Net Margin	8.0%	5.3%
ROE	19.6%	13.0%
EPS	SAR 2.27	SAR 1.22
Total Assets	SAR 929M	SAR 771M
Total Equity	SAR 464M	SAR 378M
Total Liabilities	SAR 464M	SAR 393M
Operating Cash Flow	SAR -52M	SAR 82M

Year on Year Comparison

Revenue increased by 23.4% compared to 2023. Net profit increased by 86.0%. Both revenue and profit grew — indicating expanding business.

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: 2025-12-11.