The profits of the Saudi Ceramic Company increased by 865.16%, after zakat and tax, to 63.33 million riyals in the second quarter of 2021, compared to about 6.56 million riyals in the same quarter of 2020.
According to Arabia Net, Saudi Ceramics net profit fell on a quarterly basis by 10.46% in the second quarter of this year, compared to profits of about 70.73 million riyals in the first quarter of 2021.
Saudi Ceramics said, in a statement on Tadawul Saudi Arabia, today, Tuesday, that the reason for improving performance and achieving an increase in net profit during the second quarter of 2021, compared to the same quarter from the previous year, due to improvement in profit margins.
And she added that the second quarter of this year witnessed a decrease in financing costs compared to the same quarter of the previous year, noting that some provisions were increased in the same quarter of the previous year.
In a separate statement, the company announced the approval of its board of directors to distribute cash dividends to the company's shareholders for the first half of this year, with a total of about 59.81 million riyals, to be distributed On about 79.75 million shares, with a share of 0.75 riyals per share, and a distribution ratio to the nominal value of the share of 7.5%.
Eligibility is for the shareholders who own shares at the closing of the market on the first day of August 2021, and who 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 is August 15, 2021.
