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Home / Qassim Cement Co. / 2023 Annual Results

Qassim Cement Co. 2023 Annual Results

Revenue
SAR 584M
Net Profit
SAR 142M
EPS
SAR 1.58
Operating Cash Flow
SAR 93M

Qassim Cement Co. (3040) reported full year 2023 revenue of SAR 584M, up 19.1% from SAR 490M in 2022. Net profit came in at SAR 142M, up 8.8% year on year. Earnings per share were SAR 1.58. The company generated SAR 93M 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 0.65 arrived as operating cash flow — indicating Moderate quality earnings with a cash conversion ratio of 0.65.

Key Financial Metrics

Metric20232022
RevenueSAR 584MSAR 490M
Net ProfitSAR 142MSAR 131M
Gross ProfitSAR 188M
Net Margin24.3%26.6%
ROE9.0%7.8%
EPSSAR 1.58
Total AssetsSAR 1.80BSAR 1.93B
Total EquitySAR 1.58BSAR 1.66B
Total LiabilitiesSAR 226M
Operating Cash FlowSAR 93M

Year on Year Comparison

Revenue increased by 19.1% compared to 2022. Net profit increased by 8.8%. 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: 2024-03-04.