The financial statements of United Electronics Company (eXtra) showed profits of 34 million riyals in the first quarter of this year, compared to 21.6 million riyals of profits for the same period in 2018 , Up 57.4%.
The company said in a statement to the Saudi market today, Tuesday, that the quarterly revenue rose 22.3% to reach 1.06 billion riyals, compared to 864.62 million riyals for the same period last year. < / p>
eXtra explained that the increase in quarterly profits is due to the increase in sales compared to the same period in the previous year, which led to the growth of the gross profit in addition to increasing the profit margin on some products and services .
The company also announced today the recommendation of the Board of Directors in its meeting held yesterday, to distribute cash dividends for the second half of 2018, amounting to 62.5 million riyals, representing 12.5% of The nominal value of the stock.
The company indicated that the date of the dividend due on Sunday, April 21, for the shareholders registered in the company records, to be distributed on Sunday, May 5, 2019. p>
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