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Meyar Co. 2023 Annual Results

Revenue

SAR 34M

Net Profit

SAR 1M

EPS

SAR 1.18

Operating Cash Flow

SAR -4M

Meyar Co. (9565) reported full year 2023 revenue of SAR 34M, up 26.3% from SAR 27M in 2022. Net profit came in at SAR 1M, down 66.5% year on year. Earnings per share were SAR 1.18. 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 -2.45 arrived as operating cash flow — indicating Low quality earnings with a cash conversion ratio of -2.45.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 34M	SAR 27M
Net Profit	SAR 1M	SAR 4M
Gross Profit		SAR 11M
Net Margin	4.4%	16.5%
ROE	4.0%	22.5%
EPS	SAR 1.18
Total Assets	SAR 57M	SAR 37M
Total Equity	SAR 37M	SAR 20M
Total Liabilities	SAR 20M
Operating Cash Flow	SAR -4M

Year on Year Comparison

Revenue increased by 26.3% compared to 2022. Net profit decreased by 66.5%. 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: 2024-03-31.