83.6000
Change
0.6000
Change %
0.7229%
Open
83.0000
Close
83.6000
High
83.7000
Low
83.0000

Qassim Cement board recommends SAR0.50/share dividend for Q4-18

2018-12-27 09:45:58 GMT (Economies.com)
 

The board of directors of Qassim Cement Co. on Wednesday recommended the distribution of cash dividends at SAR 0.50 per share, or 5% of stock par value, totaling SAR 45 million.

Entitlement to the dividend distribution shall be for shareholders of record till the close of trading on December 26. Distribution date will be as of January 15.

The company earlier distributed cash dividends for the third quarter of 2018 at SAR 22.5 million, or SAR 0.25 per share (2.5% of stock par value).

It also distributed cash dividends for the second quarter of 2018 at SAR 31.5 million, or SAR0.35 per share (3.5% of stock par value)

The company’s financial results for the third quarter reflected a 88.9% fall in net profit. Q3 revenues fell to SAR 74.4 million, from SAR 130.7 million in Q3-17.

Meanwhile, net profit for the first nine months of 2018 showed SAR 81.2 million, a fall by 56% year-on-year from SAR 184.6 million.

 
 
 
  Symbol Last Change Chg.%
1.1735
0.0021
0.1797%
1.3723
0.0047
0.3451%
Tadawul
11270.57
-40.58
0.36%
22.713
0.412
1.850%
73.519
2.586
3.646%
77.50
0.25
0.32%
1755.970
-0.835
0.048%
 
 
News Today