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Aqaseem Factory for Chemicals and Plastics Co. 2023 Annual Results

Revenue

SAR 151M

Net Profit

SAR 10M

EPS

SAR 4.06

Operating Cash Flow

SAR 4M

Aqaseem Factory for Chemicals and Plastics Co. (9539) reported full year 2023 revenue of SAR 151M, up 235.3% from SAR -111M in 2022. Net profit came in at SAR 10M, up 68.4% year on year. Earnings per share were SAR 4.06. The company generated SAR 4M 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 0.40 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of 0.40.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 151M	SAR -111M
Net Profit	SAR 10M	SAR 6M
Gross Profit		SAR 29M
Net Margin	6.7%	-5.4%
ROE	18.1%	13.2%
EPS	SAR 4.06
Total Assets	SAR 116M	SAR 97M
Total Equity	SAR 56M	SAR 46M
Total Liabilities	SAR 60M
Operating Cash Flow	SAR 4M

Year on Year Comparison

Revenue increased by 235.3% compared to 2022. Net profit increased by 68.4%. Both revenue and profit grew — indicating expanding business.

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2024 2023 2022 2021

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.