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United Electronics Co. 2023 Annual Results

Revenue
SAR 6.20B
Net Profit
SAR 390M
EPS
SAR 4.88
Operating Cash Flow
SAR 196M

United Electronics Co. (4003) reported full year 2023 revenue of SAR 6.20B, up 30.1% from SAR 4.77B in 2022. Net profit came in at SAR 390M, down 11.3% year on year. Earnings per share were SAR 4.88. The company generated SAR 196M 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 0.50 arrived as operating cash flow — indicating Moderate quality earnings with a cash conversion ratio of 0.50.

Key Financial Metrics

Metric20232022
RevenueSAR 6.20BSAR 4.77B
Net ProfitSAR 390MSAR 440M
Gross ProfitSAR 1.27B
Net Margin6.3%9.2%
ROE30.4%38.6%
EPSSAR 4.88
Total AssetsSAR 4.44BSAR 3.97B
Total EquitySAR 1.28BSAR 1.14B
Total LiabilitiesSAR 3.16B
Operating Cash FlowSAR 196M

Year on Year Comparison

Revenue increased by 30.1% compared to 2022. Net profit decreased by 11.3%. 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: 2024-02-20.