Arabian Plastic Industrial Co. 2023 Annual Results
Arabian Plastic Industrial Co. (9548) reported full year 2023 revenue of SAR 157M, up 17.6% from SAR 133M in 2022. Net profit came in at SAR 13M, up 40.1% year on year. Earnings per share were SAR 2.68. The company generated SAR 5M 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 0.38 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of 0.38.
Year on Year Comparison
Revenue increased by 17.6% compared to 2022. Net profit increased by 40.1%. Both revenue and profit grew — indicating expanding business.
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: 2024-04-04.