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Watani Iron Steel Co. 2023 Annual Results

Revenue
SAR 370M
Net Profit
SAR 4M
EPS
SAR 0.02
Operating Cash Flow
SAR 21M

Watani Iron Steel Co. (9513) reported full year 2023 revenue of SAR 370M, down 29.4% from SAR 524M in 2022. Net profit came in at SAR 4M, down 91.4% year on year. Earnings per share were SAR 0.02. The company generated SAR 21M 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 5.06 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 5.06.

Key Financial Metrics

Metric20232022
RevenueSAR 370MSAR 524M
Net ProfitSAR 4MSAR 50M
Gross ProfitSAR 71M
Net Margin1.1%9.4%
ROE1.8%20.9%
EPSSAR 0.02
Total AssetsSAR 380MSAR 376M
Total EquitySAR 242MSAR 238M
Total LiabilitiesSAR 137M
Operating Cash FlowSAR 21M

Year on Year Comparison

Revenue decreased by 29.4% compared to 2022. Net profit decreased by 91.4%. 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: 2024-03-10.