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Molan Steel Co. 2023 Annual Results

Revenue

SAR 90M

Net Profit

SAR -5M

EPS

SAR -0.18

Operating Cash Flow

SAR -10M

Molan Steel Co. (9553) reported full year 2023 revenue of SAR 90M, up 13.1% from SAR 79M in 2022. Net profit came in at SAR -5M, down 528.8% year on year. Earnings per share were SAR -0.18. 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.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 90M	SAR 79M
Net Profit	SAR -5M	SAR -761K
Gross Profit		SAR 5M
Net Margin	-5.3%	-1.0%
ROE	-15.9%	-2.2%
EPS	SAR -0.18
Total Assets	SAR 53M	SAR 53M
Total Equity	SAR 30M	SAR 35M
Total Liabilities	SAR 23M
Operating Cash Flow	SAR -10M

Year on Year Comparison

Revenue increased by 13.1% compared to 2022. Net profit decreased by 528.8%. Revenue grew but profit declined — suggesting margin pressure.

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2024 2023 2022

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: 2024-03-31.