According to Arabia Net, the company said in a statement to the Saudi Stock Exchange, Tadawul, that the reason for the increase in net profits is due to an increase in sales of approximately 0.7%, to reach 304.515 million riyals.
The company indicated that the total sales in the fourth quarter amounted to 81.813 million riyals, compared to 83.833 million riyals in the same quarter of the fiscal year 2018, a decrease of 2.41%.
The company said in a separate statement that its board of directors recommended distributing 16.2 million riyals of cash dividends to shareholders, compared to last year's gross profits.
The share of the dividend is 1.6 riyals per share, compared to 2018 distributions of 1.5 riyals per share.
