The Saudi Ceramic Company achieved a 201% increase in net profit, after zakat and tax, to reach 233.79 million riyals in 2021, compared to 77.7 million riyals in 2020.< /p>
According to Arab Net, the company said in a statement that the improvement in performance and the increase in profits in 2021 is due to the clear improvement in profit margins as a result of the increase in prices and lower costs of sales.
She added that the year 2021 witnessed an increase in other revenues in addition to a decrease in financing costs due to the repayment of part of the loans and the restructuring of financing.
According to Al Arabiya.net's calculations, Saudi Ceramics' net profit rose by 68% in the fourth quarter of 2021 to 47.1 million riyals, compared to about 28 million riyals, profits for the same quarter from 2020.
In a related context, the Board of Directors of the Saudi Ceramic Company decided to distribute cash dividends to the company's shareholders for the second half of 2021, with a total of about 59.87 million riyals, to a number of 79.8 million. Arrow.
The Saudi Ceramic Company said that the share of the distribution is 0.75 riyals, with a distribution ratio of 7.5% to the nominal value of the share.
Eligibility is for the shareholders who own the shares at the closing of the market on the twenty-first day of February 2022 and are registered in the company's shareholders register at the Depository Center at the end of the second trading day following the due date .
The distribution date will be March 3, 2022.
It is reported that the company distributed cash dividends to the company's shareholders for the first half of 2021, with a total of about 59.81 million riyals, distributed among about 79.75 million shares, with a share of 0.75 riyals. per share, with a dividend to nominal value of 7.5%.
The company's net profit after zakat and tax increased by 275.92% in the first nine months of the year 2021 to 186.67 million riyals, compared to 49.65 million riyals in the same period From the year 2020.
