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Southern Province Cement Co. 2023 Annual Results

Revenue

SAR 1.07B

Net Profit

SAR 195M

EPS

SAR 1.40

Operating Cash Flow

SAR 328M

Southern Province Cement Co. (3050) reported full year 2023 revenue of SAR 1.07B, up 23.7% from SAR 865M in 2022. Net profit came in at SAR 195M, down 35.0% year on year. Earnings per share were SAR 1.40. The company generated SAR 328M 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 1.68 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.68.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 1.07B	SAR 865M
Net Profit	SAR 195M	SAR 301M
Gross Profit		SAR 357M
Net Margin	18.3%	34.8%
ROE	6.0%	9.4%
EPS	SAR 1.40
Total Assets	SAR 4.08B	SAR 3.87B
Total Equity	SAR 3.29B	SAR 3.21B
Total Liabilities	SAR 797M
Operating Cash Flow	SAR 328M

Year on Year Comparison

Revenue increased by 23.7% compared to 2022. Net profit decreased by 35.0%. 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: 2024-03-24.