According to the results of the company for the Saudi market (Tadawul) today, Thursday, the profits for the period amounted to 251.7 million riyals, compared to the profits for the first quarter of last year amounting to 233.7 million riyals. p>
The company said that the increase in profits during the comparison periods is due to the increase in sales of most departments, especially the electronics division, supported by sales of smart phones as well as computers, and partly contributed to the increase in the number of exhibitions From 56 to 60 exhibitions in increased retail sales.
Despite the increase in sales by 24%, the increase in profit was 7.7% due to the relative decrease in the gross profit margin due to the promotional price offers and the difference in the sales mix and due to the increase in general expenses And administrative.
The company said that the dividend eligibility for the shareholders who own the shares on the maturity date Monday 15 June 2020, and who are registered with the Securities Deposit Center (Deposit Center) at the end of the second trading day following Due date.
