Alwasail Industrial Co. 2023 Annual Results

Alwasail Industrial Co. (4148) reported full year 2023 revenue of SAR 446M, up 54.5% from SAR 289M in 2022. Net profit came in at SAR 34M, up 4.1% year on year. Earnings per share were SAR 0.17. The company generated SAR 26M 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 0.76 arrived as operating cash flow — indicating Moderate quality earnings with a cash conversion ratio of 0.76.

Key Financial Metrics

Year on Year Comparison

Revenue increased by 54.5% compared to 2022. Net profit increased by 4.1%. Both revenue and profit grew — indicating expanding business.