MESC H1 2024 profit leaps 92% to SAR 47.7M, Q2 at SAR 21.8M

31/07/2024 Argaam Exclusive

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Middle East Specialized Cables Co. (MESC) posted a 92% profit leap in H1 2024 to SAR 47.7 million, compared with SAR 24.9 million in the year-earlier period.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	434.48	541.18	24.6 %
Gross Income	69.46	99.46	43.2 %
Operating Income	34.96	57.32	64.0 %
Net Income	24.87	47.74	92.0 %
Average Shares	40.00	40.00	-
EPS (Riyals)	0.62	1.19	92.0 %

Sales in the six-month period increased by 24.56% year-on-year (YoY) on the growth in sales orders volumes of all business segments, especially the oil and gas.

The company also posted an improvement in profit margins and operating efficiency in H1 2024.

In Q2 2024, the company's earnings leapt by 76% to SAR 21.8 million, compared with SAR 12.4 million in Q2 2023, boosted by higher sales and profit margins.

Sequentially, the three-month earnings fell 16% from SAR 25.96 million in Q1 2024. This came as sales dropped by 14.21% on a quarterly basis as several public holidays took place during the second quarter of the year, which in turn delayed some client deliveries.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2023	Q2 2024	Change‬
Revenues	215.93	249.89	15.7 %
Gross Income	34.19	45.64	33.5 %
Operating Income	17.95	25.93	44.4 %
Net Income	12.43	21.78	75.2 %
Average Shares	40.00	40.00	-
EPS (Riyals)	0.31	0.54	75.2 %

Item	Q1 2024	Q2 2024	Change‬
Revenues	291.29	249.89	(14.2 %)
Gross Income	53.82	45.64	(15.2 %)
Operating Income	31.39	25.93	(17.4 %)
Net Income	25.96	21.78	(16.1 %)
Average Shares	40.00	40.00	-
EPS (Riyals)	0.65	0.54	(16.1 %)

Total shareholders’ equity, no minority interest, amounted to SAR 425.4 million as of June 30, 2024, up from SAR 353.2 million a year earlier.

Accumulated losses reached SAR 6.4 million, or 1.6% of the company’s capital, by the end of the six-month period.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	258.29	23.3 %	30.32	36.0 %	3.02	261.6 %
Q2 2015	216.34	(19.8 %)	19.30	(52.6 %)	(7.72)	(143.3 %)
Q3 2015	231.71	26.9 %	31.77	79.5 %	1.34	109.0 %
Q4 2015	181.34	(7.7 %)	9.24	(64.1 %)	(23.51)	(1939.4 %)
2015	887.69	3.4 %	80.74	(24.2 %)	(58.12)	(2559.8 %)
Q1 2016	224.89	(12.9 %)	26.81	(11.6 %)	1.65	(45.6 %)
Q2 2016	233.39	7.9 %	31.37	62.6 %	0.31	104.0 %
Q3 2016	174.04	(24.9 %)	28.53	(10.2 %)	8.05	501.0 %
Q4 2016	127.07	(29.9 %)	35.47	283.8 %	9.13	138.9 %
2016	759.40	(14.5 %)	122.18	51.3 %	28.21	148.5 %
Q1 2017	188.02	(16.4 %)	31.03	15.7 %	11.01	568.8 %
Q2 2017	170.92	(26.8 %)	21.89	(30.2 %)	7.45	2304.2 %
Q3 2017	160.10	(8.0 %)	22.39	(21.5 %)	6.42	(20.2 %)
Q4 2017	156.09	22.8 %	14.44	(59.3 %)	(7.35)	(180.5 %)
2017	675.12	(11.1 %)	89.75	(26.5 %)	14.24	(49.5 %)
Q1 2018	163.85	(12.9 %)	14.98	(51.7 %)	(5.07)	(146.0 %)
Q2 2018	149.55	(12.5 %)	3.58	(83.7 %)	(20.69)	(377.6 %)
Q3 2018	143.97	(10.1 %)	15.26	(31.8 %)	(4.55)	(170.9 %)
Q4 2018	134.48	(13.8 %)	14.32	(0.8 %)	(32.66)	(344.2 %)
2018	591.86	(12.3 %)	48.13	(46.4 %)	(62.98)	(542.3 %)
Q1 2019	114.71	(30.0 %)	10.48	(30.1 %)	(6.48)	(27.9 %)
Q2 2019	119.17	(20.3 %)	12.81	258.1 %	(2.26)	89.1 %
Q3 2019	118.61	(17.6 %)	16.50	8.1 %	3.66	180.4 %
Q4 2019	115.70	(14.0 %)	13.60	(5.0 %)	(3.64)	88.9 %
2019	468.18	(20.9 %)	53.38	10.9 %	(8.72)	86.2 %
Q1 2020	140.24	22.3 %	20.40	94.7 %	4.14	163.8 %
Q2 2020	115.09	(3.4 %)	15.03	17.3 %	1.83	180.9 %
Q3 2020	136.09	14.7 %	20.06	21.6 %	7.67	109.6 %
Q4 2020	134.17	16.0 %	25.13	84.8 %	17.11	570.3 %
2020	525.59	12.3 %	80.62	51.0 %	30.74	452.5 %
Q1 2021	111.76	(20.3 %)	14.73	(27.8 %)	5.32	28.5 %
Q2 2021	124.07	7.8 %	15.18	1.0 %	6.33	246.5 %
Q3 2021	135.87	(0.2 %)	7.66	(61.8 %)	(5.31)	(169.2 %)
Q4 2021	144.80	7.9 %	14.78	(41.2 %)	(12.33)	(172.1 %)
2021	516.50	(1.7 %)	52.34	(35.1 %)	(6.00)	(119.5 %)
Q1 2022	187.56	67.8 %	14.22	(3.5 %)	3.89	(26.9 %)
Q2 2022	198.17	59.7 %	7.17	(52.8 %)	(8.18)	(229.2 %)
Q3 2022	200.57	47.6 %	14.96	95.3 %	4.04	176.1 %
Q4 2022	228.09	57.5 %	38.60	161.2 %	25.95	310.4 %
2022	814.40	57.7 %	74.94	43.2 %	25.70	528.7 %
Q1 2023	218.55	16.5 %	35.27	148.1 %	17.00	337.4 %
Q2 2023	215.93	9.0 %	34.19	376.8 %	17.95	319.6 %
Q3 2023	229.89	14.6 %	39.23	162.3 %	21.33	428.4 %
Q4 2023	262.51	15.1 %	43.35	12.3 %	20.84	(19.7 %)
2023	926.88	13.8 %	152.04	102.9 %	77.13	200.1 %
Q1 2024	291.29	33.3 %	53.82	52.6 %	31.39	84.6 %
Q2 2024	249.89	15.7 %	45.64	33.5 %	25.93	44.4 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	858.48	(7.8 %)	106.45	(27.0 %)	2.36	(95.2 %)
2015	887.69	3.4 %	80.74	(24.2 %)	(58.12)	(2559.8 %)
2016	759.40	(14.5 %)	122.18	51.3 %	28.21	148.5 %
2017	675.12	(11.1 %)	89.75	(26.5 %)	14.24	(49.5 %)
2018	591.86	(12.3 %)	48.13	(46.4 %)	(62.98)	(542.3 %)
2019	468.18	(20.9 %)	53.38	10.9 %	(8.72)	86.2 %
2020	525.59	12.3 %	80.62	51.0 %	30.74	452.5 %
2021	516.50	(1.7 %)	52.34	(35.1 %)	(6.00)	(119.5 %)
2022	814.40	57.7 %	74.94	43.2 %	25.70	528.7 %
2023	926.88	13.8 %	152.04	102.9 %	77.13	200.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	(2.99)	61.8 %	(0.07)	-	(2.99)	(0.07)
Q2 2015	(10.42)	(202.2 %)	(0.26)	-	(10.42)	(0.26)
Q3 2015	(3.17)	84.0 %	(0.08)	-	(3.17)	(0.08)
Q4 2015	(57.31)	(924.2 %)	(1.43)	(61.49)	4.17	0.10
2015	(103.70)	(349.5 %)	(2.59)	(61.49)	(42.22)	(1.06)
Q1 2016	(5.08)	(70.0 %)	(0.13)	-	(5.08)	(0.13)
Q2 2016	76.82	837.6 %	1.92	80.67	(3.85)	(0.10)
Q3 2016	3.93	223.8 %	0.10	-	3.93	0.10
Q4 2016	10.66	118.6 %	0.27	-	10.66	0.27
2016	79.94	177.1 %	2.00	80.67	(0.73)	(0.02)
Q1 2017	3.86	176.0 %	0.10	-	3.86	0.10
Q2 2017	0.44	(99.4 %)	0.01	-	0.44	0.01
Q3 2017	0.17	(95.6 %)	0.00	-	0.17	0.00
Q4 2017	11.32	6.1 %	0.28	9.98	1.33	0.03
2017	12.50	(84.4 %)	0.31	9.98	2.52	0.06
Q1 2018	(9.35)	(342.0 %)	(0.23)	-	(9.35)	(0.23)
Q2 2018	(25.35)	(5847.8 %)	(0.63)	-	(25.35)	(0.63)
Q3 2018	(8.35)	(4955.8 %)	(0.21)	-	(8.35)	(0.21)
Q4 2018	(37.07)	(427.5 %)	(0.93)	-	(37.07)	(0.93)
2018	(80.11)	(740.8 %)	(2.00)	-	(80.11)	(2.00)
Q1 2019	(10.58)	(13.2 %)	(0.26)	-	(10.58)	(0.26)
Q2 2019	(6.00)	76.3 %	(0.15)	-	(6.00)	(0.15)
Q3 2019	(0.18)	97.8 %	0.00	-	(0.18)	0.00
Q4 2019	(7.82)	78.9 %	(0.20)	-	(7.82)	(0.20)
2019	(24.58)	69.3 %	(0.61)	-	(24.58)	(0.61)
Q1 2020	0.28	102.7 %	0.01	-	0.28	0.01
Q2 2020	(1.46)	75.7 %	(0.04)	-	(1.46)	(0.04)
Q3 2020	4.28	2423.9 %	0.11	-	4.28	0.11
Q4 2020	(1.03)	86.8 %	(0.03)	-	(1.03)	(0.03)
2020	2.07	108.4 %	0.05	-	2.07	0.05
Q1 2021	0.85	201.4 %	0.02	-	0.85	0.02
Q2 2021	2.67	283.1 %	0.07	-	2.67	0.07
Q3 2021	(9.06)	(311.8 %)	(0.23)	-	(9.06)	(0.23)
Q4 2021	(17.18)	(1,563.1 %)	(0.43)	-	(17.18)	(0.43)
2021	(22.72)	(1199.0 %)	(0.57)	-	(22.72)	(0.57)
Q1 2022	0.07	(91.7 %)	0.00	-	0.07	0.00
Q2 2022	(11.84)	(543.5 %)	(0.30)	-	(11.84)	(0.30)
Q3 2022	0.25	102.8 %	0.01	-	0.25	0.01
Q4 2022	(0.27)	98.4 %	(0.01)	(21.04)	20.77	0.52
2022	(11.79)	48.1 %	(0.29)	(21.04)	9.25	0.23
Q1 2023	12.43	17511.8 %	0.31	-	12.43	0.31
Q2 2023	12.43	205.0 %	0.31	-	12.43	0.31
Q3 2023	13.56	5258.2 %	0.34	-	13.56	0.34
Q4 2023	10.51	3990.6 %	0.26	-	10.51	0.26
2023	48.94	515.1 %	1.22	-	48.94	1.22
Q1 2024	25.96	108.8 %	0.65	-	25.96	0.65
Q2 2024	21.78	75.2 %	0.54	1.50	20.28	0.51

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	(23.07)	(175.9 %)	(0.58)	-	(23.07)	(0.58)
2015	(103.70)	(349.5 %)	(2.59)	(61.49)	(42.22)	(1.06)
2016	79.94	177.1 %	2.00	80.67	(0.73)	(0.02)
2017	12.50	(84.4 %)	0.31	9.98	2.52	0.06
2018	(80.11)	(740.8 %)	(2.00)	-	(80.11)	(2.00)
2019	(24.58)	69.3 %	(0.61)	-	(24.58)	(0.61)
2020	2.07	108.4 %	0.05	-	2.07	0.05
2021	(22.72)	(1199.0 %)	(0.57)	-	(22.72)	(0.57)
2022	(11.79)	48.1 %	(0.29)	(21.04)	9.25	0.23
2023	48.94	515.1 %	1.22	-	48.94	1.22

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	12.62 %	5.34 %	(2.01 %)
Q2 2015	10.90 %	2.81 %	(4.55 %)
Q3 2015	11.86 %	4.29 %	(2.46 %)
Q4 2015	10.21 %	1.70 %	(1.40 %)
2015	9.10 %	(1.82 %)	(4.76 %)
Q1 2016	10.20 %	1.60 %	(1.70 %)
Q2 2016	11.38 %	2.10 %	(0.91 %)
Q3 2016	11.79 %	3.01 %	(0.10 %)
Q4 2016	16.09 %	7.35 %	0.75 %
2016	16.09 %	8.55 %	(0.10 %)
Q1 2017	17.49 %	8.78 %	2.02 %
Q2 2017	17.71 %	10.66 %	2.86 %
Q3 2017	17.15 %	10.61 %	2.34 %
Q4 2017	13.29 %	7.23 %	0.86 %
2017	13.29 %	6.74 %	0.37 %
Q1 2018	11.32 %	4.75 %	(1.14 %)
Q2 2018	8.80 %	(0.06 %)	(5.27 %)
Q3 2018	7.87 %	(2.38 %)	(6.80 %)
Q4 2018	8.13 %	(6.82 %)	(13.54 %)
2018	8.13 %	(6.82 %)	(13.54 %)
Q1 2019	8.04 %	(7.94 %)	(14.99 %)
Q2 2019	10.32 %	(4.81 %)	(12.10 %)
Q3 2019	11.11 %	(3.37 %)	(11.05 %)
Q4 2019	11.40 %	2.70 %	(5.25 %)
2019	11.40 %	2.70 %	(5.25 %)
Q1 2020	12.82 %	4.65 %	(2.78 %)
Q2 2020	13.38 %	5.46 %	(1.87 %)
Q3 2020	13.62 %	6.00 %	(0.93 %)
Q4 2020	15.34 %	9.67 %	0.39 %
2020	15.34 %	9.67 %	0.39 %
Q1 2021	15.08 %	10.39 %	0.53 %
Q2 2021	14.84 %	11.01 %	1.34 %
Q3 2021	12.39 %	8.40 %	(1.30 %)
Q4 2021	10.13 %	2.48 %	(4.40 %)
2021	10.13 %	2.48 %	(4.40 %)
Q1 2022	8.75 %	1.90 %	(3.97 %)
Q2 2022	6.58 %	(0.49 %)	(5.70 %)
Q3 2022	6.99 %	0.83 %	(3.93 %)
Q4 2022	9.20 %	5.42 %	1.14 %
2022	9.20 %	5.42 %	1.14 %
Q1 2023	11.36 %	6.77 %	2.56 %
Q2 2023	14.25 %	9.66 %	5.32 %
Q3 2023	16.50 %	11.28 %	6.63 %
Q4 2023	16.40 %	10.33 %	5.28 %
2023	16.40 %	10.33 %	5.28 %
Q1 2024	17.07 %	11.04 %	6.25 %
Q2 2024	17.61 %	11.47 %	6.80 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	12.40 %	5.17 %	(2.69 %)
2015	9.10 %	(1.82 %)	(4.76 %)
2016	16.09 %	8.55 %	(0.10 %)
2017	13.29 %	6.74 %	0.37 %
2018	8.13 %	(6.82 %)	(13.54 %)
2019	11.40 %	2.70 %	(5.25 %)
2020	15.34 %	9.67 %	0.39 %
2021	10.13 %	2.48 %	(4.40 %)
2022	9.20 %	5.42 %	1.14 %
2023	16.40 %	10.33 %	5.28 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2015	11.74 %	5.17 %	(1.16 %)
Q2 2015	8.92 %	2.01 %	(4.81 %)
Q3 2015	13.71 %	4.63 %	(1.37 %)
Q4 2015	5.10 %	(7.36 %)	2.30 %
Q1 2016	11.92 %	5.32 %	(2.26 %)
Q2 2016	13.44 %	3.86 %	(1.65 %)
Q3 2016	16.39 %	9.68 %	2.26 %
Q4 2016	27.92 %	14.18 %	8.39 %
Q1 2017	16.51 %	10.39 %	2.05 %
Q2 2017	12.81 %	9.35 %	0.26 %
Q3 2017	13.98 %	9.37 %	0.11 %
Q4 2017	9.25 %	(1.10 %)	0.85 %
Q1 2018	9.14 %	1.03 %	(5.71 %)
Q2 2018	2.39 %	(10.25 %)	(16.95 %)
Q3 2018	10.60 %	0.52 %	(5.80 %)
Q4 2018	10.65 %	(20.42 %)	(27.56 %)
Q1 2019	9.13 %	(0.92 %)	(9.23 %)
Q2 2019	10.75 %	2.64 %	(5.04 %)
Q3 2019	13.91 %	7.53 %	(0.16 %)
Q4 2019	11.75 %	1.40 %	(6.75 %)
Q1 2020	14.54 %	6.62 %	0.20 %
Q2 2020	13.06 %	6.00 %	(1.27 %)
Q3 2020	14.74 %	9.26 %	3.14 %
Q4 2020	18.73 %	16.44 %	(0.77 %)
Q1 2021	13.18 %	9.01 %	0.76 %
Q2 2021	12.24 %	8.87 %	2.15 %
Q3 2021	5.64 %	(0.47 %)	(6.67 %)
Q4 2021	10.20 %	(5.25 %)	(11.86 %)
Q1 2022	7.58 %	4.54 %	0.04 %
Q2 2022	3.62 %	(1.79 %)	(5.98 %)
Q3 2022	7.46 %	4.32 %	0.13 %
Q4 2022	16.92 %	13.39 %	9.11 %
Q1 2023	16.14 %	9.87 %	5.69 %
Q2 2023	15.83 %	10.45 %	5.76 %
Q3 2023	17.07 %	11.31 %	5.90 %
Q4 2023	16.51 %	9.75 %	4.00 %
Q1 2024	18.48 %	12.43 %	8.91 %
Q2 2024	18.26 %	12.31 %	8.12 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2015	40.00	(0.46)	(0.46)	11.95
Q2 2015	40.00	(0.97)	(0.97)	11.68
Q3 2015	40.00	(0.55)	(0.55)	11.60
Q4 2015	40.00	(1.85)	(0.31)	9.35
Q1 2016	40.00	(1.90)	(0.36)	9.22
Q2 2016	40.00	0.28	(0.20)	11.28
Q3 2016	40.00	0.46	(0.02)	11.36
Q4 2016	40.00	2.16	0.14	11.45
Q1 2017	40.00	2.38	0.37	11.52
Q2 2017	40.00	0.47	0.47	11.52
Q3 2017	40.00	0.38	0.38	11.54
Q4 2017	40.00	0.39	0.15	11.63
Q1 2018	40.00	0.06	(0.19)	11.35
Q2 2018	40.00	(0.58)	(0.83)	10.72
Q3 2018	40.00	(0.79)	(1.04)	10.51
Q4 2018	40.00	(2.00)	(2.00)	9.62
Q1 2019	40.00	(2.03)	(2.03)	9.36
Q2 2019	40.00	(1.55)	(1.55)	9.21
Q3 2019	40.00	(1.35)	(1.35)	9.20
Q4 2019	40.00	(0.61)	(0.61)	8.99
Q1 2020	40.00	(0.34)	(0.34)	9.00
Q2 2020	40.00	(0.23)	(0.23)	8.96
Q3 2020	40.00	(0.12)	(0.12)	9.07
Q4 2020	40.00	0.05	0.05	9.03
Q1 2021	40.00	0.07	0.07	9.05
Q2 2021	40.00	0.17	0.17	9.12
Q3 2021	40.00	(0.16)	(0.16)	8.89
Q4 2021	40.00	(0.57)	(0.57)	8.46
Q1 2022	40.00	(0.59)	(0.59)	8.46
Q2 2022	40.00	(0.95)	(0.95)	8.16
Q3 2022	40.00	(0.72)	(0.72)	8.17
Q4 2022	40.00	(0.29)	0.23	8.21
Q1 2023	40.00	0.01	0.54	8.52
Q2 2023	40.00	0.62	1.15	8.83
Q3 2023	40.00	0.95	1.48	9.17
Q4 2023	40.00	1.22	1.22	9.44
Q1 2024	40.00	1.56	1.56	10.09
Q2 2024	40.00	1.80	1.76	10.82

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	40.00	(0.58)	(0.58)	12.02
2015	40.00	(2.59)	(1.06)	9.35
2016	40.00	2.00	(0.02)	11.45
2017	40.00	0.31	0.06	11.63
2018	40.00	(2.00)	(2.00)	9.62
2019	40.00	(0.61)	(0.61)	8.99
2020	40.00	0.05	0.05	9.03
2021	40.00	(0.57)	(0.57)	8.46
2022	40.00	(0.29)	0.23	8.21
2023	40.00	1.22	1.22	9.44

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2015	NEG	NEG	1.95
Q2 2015	NEG	NEG	1.73
Q3 2015	NEG	NEG	1.25
Q4 2015	NEG	NEG	1.48
Q1 2016	NEG	NEG	1.15
Q2 2016	39.30	NEG	0.98
Q3 2016	19.65	NEG	0.79
Q4 2016	5.71	87.14	1.08
Q1 2017	4.92	32.13	1.02
Q2 2017	20.24	20.24	0.83
Q3 2017	35.17	35.17	1.15
Q4 2017	32.29	87.78	1.10
Q1 2018	More than 100	NEG	1.09
Q2 2018	NEG	NEG	1.10
Q3 2018	NEG	NEG	1.01
Q4 2018	NEG	NEG	1.28
Q1 2019	NEG	NEG	1.23
Q2 2019	NEG	NEG	1.16
Q3 2019	NEG	NEG	1.03
Q4 2019	NEG	NEG	1.05
Q1 2020	NEG	NEG	0.83
Q2 2020	NEG	NEG	0.99
Q3 2020	NEG	NEG	1.57
Q4 2020	More than 100	More than 100	1.71
Q1 2021	More than 100	More than 100	2.33
Q2 2021	More than 100	More than 100	2.87
Q3 2021	NEG	NEG	2.50
Q4 2021	NEG	NEG	2.39
Q1 2022	NEG	NEG	2.13
Q2 2022	NEG	NEG	1.63
Q3 2022	NEG	NEG	1.52
Q4 2022	NEG	42.80	1.21
Q1 2023	More than 100	19.76	1.25
Q2 2023	26.43	14.31	1.86
Q3 2023	18.97	12.23	1.97
Q4 2023	18.26	18.26	2.37
Q1 2024	17.10	17.10	2.65
Q2 2024	17.35	17.72	2.88

Period	P/E	Adjusted P/E	Price/book
2014	NEG	NEG	2.73
2015	NEG	NEG	1.48
2016	6.17	NEG	1.08
2017	40.79	More than 100	1.10
2018	NEG	NEG	1.28
2019	NEG	NEG	1.05
2020	More than 100	More than 100	1.71
2021	NEG	NEG	2.39
2022	NEG	42.80	1.21
2023	18.26	18.26	2.37

Financial Ratios

	Current
Market Cap (M Riyal)	1,502.00
Enterprise Value (EV) (M)	1,514.94
Shares Outstanding ((M))	40.00
EPS ( Riyal) (TTM)	1.98
Book Value (BV) ( Riyal)	11.16
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	19.34
P/E (TTM)	18.98
Price/book	3.37
Return on Average Assets (%) (TTM)	9.9
Return on Average Equity (%) (TTM)	19.5

Middle East Specialized Cables Co. (MESC)

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MESC H1 2024 profit leaps 92% to SAR 47.7M, Q2 at SAR 21.8M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

Share Price

Middle East Specialized Cables Co. (MESC)

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MESC H1 2024 profit leaps 92% to SAR 47.7M, Q2 at SAR 21.8M

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Financial Ratios

Share Price

Middle East Specialized Cables Co. (MESC)

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