Middle East Specialized Cables Full Year 2023 Earnings: EPS: ر.س1.22 (vs ر.س0.29 loss in FY 2022)

Middle East Specialized Cables (TADAWUL:2370) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س926.9m (up 14% from FY 2022).
• Net income: ر.س48.9m (up from ر.س11.8m loss in FY 2022).
• Profit margin: 5.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: ر.س1.22 (up from ر.س0.29 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Middle East Specialized Cables shares are up 9.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Middle East Specialized Cables' balance sheet.

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