Saudi Research and Media Group 2023 Annual Results
Saudi Research and Media Group (4210) reported full year 2023 revenue of SAR 3.75B, up 52.5% from SAR 2.46B in 2022. Net profit came in at SAR 512M, down 21.1% year on year. Earnings per share were SAR 7.00. The company generated SAR -704M 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 -1.37 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -1.37.
Year on Year Comparison
Revenue increased by 52.5% compared to 2022. Net profit decreased by 21.1%. Revenue grew but profit declined — suggesting margin pressure.
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: 2024-04-29.