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Red Sea International Co. 2022 Annual Results

Revenue

SAR 420M

Net Profit

SAR -198M

EPS

SAR -6.49

Operating Cash Flow

SAR 13M

Red Sea International Co. (4230) reported full year 2022 revenue of SAR 420M, down 1.1% from SAR 424M in 2021. Net profit came in at SAR -198M, down 51.6% year on year. Earnings per share were SAR -6.49. The company generated SAR 13M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.

Key Financial Metrics

Metric	2022	2021
Revenue	SAR 420M	SAR 424M
Net Profit	SAR -198M	SAR -130M
Gross Profit		SAR 44M
Net Margin	-47.1%	-30.8%
ROE	-167.4%	-42.2%
EPS	SAR -6.49
Total Assets	SAR 779M	SAR 952M
Total Equity	SAR 118M	SAR 309M
Total Liabilities	SAR 685M
Operating Cash Flow	SAR 13M

Year on Year Comparison

Revenue decreased by 1.1% compared to 2021. Net profit decreased by 51.6%. Both revenue and profit declined year on year.

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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: 2023-12-31.