Vertiglob Company announced that its Board of Directors approved the distribution of cash dividends to shareholders amounting to $275 million ($0.0331/share), equivalent to (0.33 fils per share) for the first half of 2023.
According to a disclosure to the Abu Dhabi Securities Market, the last day for purchase was set for November 14th, and the date of exclusion from profits was set for the 15th of the same month, with the date of closing the register being the next day.
The company's profits decreased to $254.4 million by the end of the first nine months of 2023, compared to profits of $1,077.6 million during the same period in 2022.
This was due to a 55% decrease in revenues compared to revenues for the same period of the previous year.
The company's results, which were also released this morning, showed a decrease in other revenues by 37%, reaching $1.9 million, compared to $3 million during the first nine months of 2022.
According to the results, financing costs increased by 4% to reach $117.4 million compared to $112.5 million during the same period last year.
