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National Shipping Company of Saudi Arabia 2023 Annual Results

Revenue

SAR 8.78B

Net Profit

SAR 1.61B

EPS

SAR 2.19

Operating Cash Flow

SAR 3.64B

National Shipping Company of Saudi Arabia (4030) reported full year 2023 revenue of SAR 8.78B, up 51.9% from SAR 5.78B in 2022. Net profit came in at SAR 1.61B, up 55.0% year on year. Earnings per share were SAR 2.19. The company generated SAR 3.64B 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 2.26 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.26.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 8.78B	SAR 5.78B
Net Profit	SAR 1.61B	SAR 1.04B
Gross Profit		SAR 2.80B
Net Margin	18.4%	18.0%
ROE	13.6%	9.9%
EPS	SAR 2.19
Total Assets	SAR 23.11B	SAR 22.90B
Total Equity	SAR 11.84B	SAR 10.49B
Total Liabilities	SAR 10.46B
Operating Cash Flow	SAR 3.64B

Year on Year Comparison

Revenue increased by 51.9% compared to 2022. Net profit increased by 55.0%. 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: 2024-03-21.