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Petrochem shareholders to discuss SAR0.5/share dividend April 7

2019-03-14 11:26:58 GMT (Economies.com)
Petrochem shareholders to discuss SAR0.5/share dividend April 7
 

National Petrochemical Co. (Petrochem) will hold an ordinary general assembly meeting on Sunday, April 7 to look into the proposed dividend payout at SAR 0.5% per share, or 5% of stock par value, totaling SAR 240 million, for the fiscal year 2018, , according to the company’s filing to Tadawul.

 

The company earlier posted a 55.8% rise in net profit for the third quarter of 2018 to SAR 307 million net profit, a rise from SAR 197 million reported in prior-year period.

 

The increase in net profit during the current quarter was attributed by the company to the increase of sales due to the improved production and average selling prices, as well as to the decrease in general and administrative expenses, increase in other income and decrease in Zakat expenses.

 

Meanwhile, financial results for the first nine months of 2018 showed SAR 929 million, compared with SAR 497 million in the same period a year ago.

 
 
 
  Symbol Last Change Chg.%
1.1163
0.0000
0.0027%
1.2703
-0.0034
0.2665%
14.454
0.036
0.250%
62.972
0.291
0.465%
72.03
0.15
0.21%
1274.830
-2.935
0.230%
 
 
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