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United Mining Industries Co. 2023 Annual Results

Revenue

SAR 240M

Net Profit

SAR 36M

EPS

SAR 2.56

Operating Cash Flow

SAR 94M

United Mining Industries Co. (9583) reported full year 2023 revenue of SAR 240M, down 0.6% from SAR 242M in 2022. Net profit came in at SAR 36M, up 4.9% year on year. Earnings per share were SAR 2.56. The company generated SAR 94M 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 2.63 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.63.

Key Financial Metrics

Metric	2023	2022
Revenue	SAR 240M	SAR 242M
Net Profit	SAR 36M	SAR 34M
Net Margin	14.9%	14.1%
ROE	19.6%	20.7%
EPS	SAR 2.56	SAR 2.29
Total Assets	SAR 346M	SAR 352M
Total Equity	SAR 183M	SAR 165M
Total Liabilities	SAR 163M	SAR 187M
Operating Cash Flow	SAR 94M	SAR 41M

Year on Year Comparison

Revenue decreased by 0.6% compared to 2022. Net profit increased by 4.9%. Revenue declined but profit grew — indicating improved efficiency or cost control.

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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: 2024-03-19.