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Makkah Construction and Development Co. 2023 Annual Results

Revenue

SAR 731M

Net Profit

SAR 334M

EPS

SAR 2.03

Operating Cash Flow

SAR 387M

Makkah Construction and Development Co. (4100) reported full year 2023 revenue of SAR 731M, up 538.9% from SAR 114M in 2022. Net profit came in at SAR 334M, up 221.8% year on year. Earnings per share were SAR 2.03. The company generated SAR 387M 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 1.16 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.16.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 731M	SAR 114M
Net Profit	SAR 334M	SAR 104M
Gross Profit		SAR 139M
Net Margin	45.7%	90.8%
ROE	8.2%	3.1%
EPS	SAR 2.03
Total Assets	SAR 4.62B	SAR 3.91B
Total Equity	SAR 4.09B	SAR 3.36B
Total Liabilities	SAR 531M
Operating Cash Flow	SAR 387M

Year on Year Comparison

Revenue increased by 538.9% compared to 2022. Net profit increased by 221.8%. 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: 2024-03-26.