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Obeikan Glass Co. 2023 Annual Results

Revenue

SAR 394M

Net Profit

SAR 64M

EPS

SAR 2.58

Operating Cash Flow

SAR 141M

Obeikan Glass Co. (4145) reported full year 2023 revenue of SAR 394M, up 89.5% from SAR 208M in 2022. Net profit came in at SAR 64M, down 64.0% year on year. Earnings per share were SAR 2.58. The company generated SAR 141M 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 2.20 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.20.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 394M	SAR 208M
Net Profit	SAR 64M	SAR 178M
Gross Profit		SAR 294M
Net Margin	16.3%	85.5%
ROE	10.6%	33.1%
EPS	SAR 2.58
Total Assets	SAR 730M	SAR 684M
Total Equity	SAR 602M	SAR 536M
Total Liabilities	SAR 103M
Operating Cash Flow	SAR 141M

Year on Year Comparison

Revenue increased by 89.5% compared to 2022. Net profit decreased by 64.0%. 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: 2024-03-10.