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City Cement Co. 2023 Annual Results

Revenue

SAR 356M

Net Profit

SAR 82M

EPS

SAR 0.59

Operating Cash Flow

SAR 105M

City Cement Co. (3003) reported full year 2023 revenue of SAR 356M, up 73.2% from SAR 206M in 2022. Net profit came in at SAR 82M, down 28.7% year on year. Earnings per share were SAR 0.59. The company generated SAR 105M 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 1.28 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.28.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 356M	SAR 206M
Net Profit	SAR 82M	SAR 115M
Gross Profit		SAR 226M
Net Margin	23.0%	55.9%
ROE	4.6%	6.3%
EPS	SAR 0.59
Total Assets	SAR 1.86B	SAR 1.94B
Total Equity	SAR 1.78B	SAR 1.82B
Total Liabilities	SAR 88M
Operating Cash Flow	SAR 105M

Year on Year Comparison

Revenue increased by 73.2% compared to 2022. Net profit decreased by 28.7%. 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: 2024-03-10.