The financial statements of the Saudi Arabian Oil Company (Aramco) showed a decline in the company's profits in the first half of this year by 50.5% on an annual basis.
According to the company's results for the Saudi market (Tadawul) today, Sunday, profits for the period amounted to 87.1 billion riyals, compared to profits for the first half of last year amounting to 175.87 billion riyals.
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The company said in a statement to the Stock Exchange that the decline in profits during the comparison periods is due to the effect of lower prices, stock revaluation losses, and lower profit margins in the refining and chemicals business on net income In 2020.
This was partly offset by a decrease in production rents, lower income taxes and zakat, and higher other income related to sales of gas products.
and (Aramco) recorded profits of 24.62 billion riyals in the second quarter of this year, compared to profits of 92.59 billion riyals for the same period of 2019, a decrease of 73.4% .
The company’s board of directors recommended, in its meeting that took place last Friday, the distribution of profits of 70.32 billion riyals ($ 18.75 billion) to shareholders for the second quarter of the year. 2020.
The company said that the share of dividends per share is 0.3518 riyals, while the number of shares due to profits is about 199.883 billion shares.
and you stated that the date of eligibility for distribution is on 11 August, provided that the eligibility for the shareholders owning the shares will be on the day of entitlement registered in the registry of the issuer's shareholders at the Depository Center at the end of the second trading day following the date Due, while the distribution date is August 31, 2020.
(Amazon Fun Knowledge)
