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Home / Edarat Communication and Information Technology Co. / 2023 Annual Results

Edarat Communication and Information Technology Co. 2023 Annual Results

Revenue
SAR 80M
Net Profit
SAR 17M
EPS
SAR 6.89
Operating Cash Flow
SAR 5M

Edarat Communication and Information Technology Co. (9557) reported full year 2023 revenue of SAR 80M, up 126.4% from SAR 35M in 2022. Net profit came in at SAR 17M, up 37.8% year on year. Earnings per share were SAR 6.89. 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 0.28 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of 0.28.

Key Financial Metrics

Metric20232022
RevenueSAR 80MSAR 35M
Net ProfitSAR 17MSAR 13M
Gross ProfitSAR 23M
Net Margin21.6%35.6%
ROE44.5%58.7%
EPSSAR 6.89
Total AssetsSAR 60MSAR 39M
Total EquitySAR 39MSAR 21M
Total LiabilitiesSAR 21M
Operating Cash FlowSAR 5M

Year on Year Comparison

Revenue increased by 126.4% compared to 2022. Net profit increased by 37.8%. Both revenue and profit grew — indicating expanding business.

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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: 2025-02-13.