Arabian Cement Co. 2023 Annual Results
Arabian Cement Co. (3010) reported full year 2023 revenue of SAR 876M, up 25.8% from SAR 696M in 2022. Net profit came in at SAR 143M, down 21.1% year on year. Earnings per share were SAR 1.40. The company generated SAR 239M 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.
Year on Year Comparison
Revenue increased by 25.8% compared to 2022. Net profit decreased by 21.1%. Revenue grew but profit declined — suggesting margin pressure.
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: 2024-03-17.