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Middle East Healthcare Co. 2023 Annual Results

Revenue

SAR 2.65B

Net Profit

SAR 180M

EPS

SAR 1.96

Operating Cash Flow

SAR 191M

Middle East Healthcare Co. (4009) reported full year 2023 revenue of SAR 2.65B, up 80.3% from SAR 1.47B in 2022. Net profit came in at SAR 180M, up 139.7% year on year. Earnings per share were SAR 1.96. The company generated SAR 191M 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 1.06 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.06.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 2.65B	SAR 1.47B
Net Profit	SAR 180M	SAR 75M
Gross Profit		SAR 680M
Net Margin	6.8%	5.1%
ROE	11.9%	5.5%
EPS	SAR 1.96
Total Assets	SAR 5.17B	SAR 4.50B
Total Equity	SAR 1.52B	SAR 1.36B
Total Liabilities	SAR 3.61B
Operating Cash Flow	SAR 191M

Year on Year Comparison

Revenue increased by 80.3% compared to 2022. Net profit increased by 139.7%. 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: 2024-04-03.