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Bena Steel Industries Co. 2023 Annual Results

Revenue

SAR 409M

Net Profit

SAR 5M

EPS

SAR 0.96

Operating Cash Flow

SAR -430K

Bena Steel Industries Co. (9563) reported full year 2023 revenue of SAR 409M, up 17.7% from SAR 348M in 2022. Net profit came in at SAR 5M, down 37.5% year on year. Earnings per share were SAR 0.96. The company generated SAR -430K 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 -0.09 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -0.09.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 409M	SAR 348M
Net Profit	SAR 5M	SAR 8M
Gross Profit		SAR 27M
Net Margin	1.2%	2.2%
ROE	6.0%	11.1%
EPS	SAR 0.96
Total Assets	SAR 261M	SAR 245M
Total Equity	SAR 81M	SAR 70M
Total Liabilities	SAR 180M
Operating Cash Flow	SAR -430K

Year on Year Comparison

Revenue increased by 17.7% compared to 2022. Net profit decreased by 37.5%. Revenue grew but profit declined — suggesting margin pressure.

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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: 2024-04-02.