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Home / Eastern Province Cement Co. / 2023 Annual Results

Eastern Province Cement Co. 2023 Annual Results

Revenue
SAR 985M
Net Profit
SAR 198M
EPS
SAR 2.30
Operating Cash Flow
SAR 159M

Eastern Province Cement Co. (3080) reported full year 2023 revenue of SAR 985M, up 83.5% from SAR 536M in 2022. Net profit came in at SAR 198M, up 37.9% year on year. Earnings per share were SAR 2.30. The company generated SAR 159M 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 0.80 arrived as operating cash flow — indicating High quality earnings with a cash conversion ratio of 0.80.

Key Financial Metrics

Metric20232022
RevenueSAR 985MSAR 536M
Net ProfitSAR 198MSAR 143M
Gross ProfitSAR 248M
Net Margin20.1%26.7%
ROE8.3%6.1%
EPSSAR 2.30
Total AssetsSAR 2.85BSAR 2.85B
Total EquitySAR 2.39BSAR 2.36B
Total LiabilitiesSAR 457M
Operating Cash FlowSAR 159M

Year on Year Comparison

Revenue increased by 83.5% compared to 2022. Net profit increased by 37.9%. Both revenue and profit grew — indicating expanding business.

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.