Naseej for Technology Co. 2023 Annual Results
Naseej for Technology Co. (9538) reported full year 2023 revenue of SAR 215M, up 43.3% from SAR 150M in 2022. Net profit came in at SAR 13M, down 39.6% year on year. Earnings per share were SAR 2.61. The company generated SAR -6M 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 -0.46 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.46.
Year on Year Comparison
Revenue increased by 43.3% compared to 2022. Net profit decreased by 39.6%. 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: 2024-04-03.