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Jazan Development and Investment Co. 2023 Annual Results

Revenue

SAR 84M

Net Profit

SAR 2M

EPS

SAR 0.04

Operating Cash Flow

SAR -10M

Jazan Development and Investment Co. (6090) reported full year 2023 revenue of SAR 84M, up 35.8% from SAR 62M in 2022. Net profit came in at SAR 2M, down 91.2% year on year. Earnings per share were SAR 0.04. The company generated SAR -10M 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 -6.35 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -6.35.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 84M	SAR 62M
Net Profit	SAR 2M	SAR 17M
Gross Profit		SAR 16M
Net Margin	1.8%	27.9%
ROE	0.3%	3.2%
EPS	SAR 0.04
Total Assets	SAR 618M	SAR 638M
Total Equity	SAR 508M	SAR 546M
Total Liabilities	SAR 111M
Operating Cash Flow	SAR -10M

Year on Year Comparison

Revenue increased by 35.8% compared to 2022. Net profit decreased by 91.2%. 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: 2024-04-01.