Riyadh – Mubasher: The net profits after Zakat and tax of BinDawood Holding jumped by 6.82% to SAR 447.722 million in 2020 from SAR 419.136 million in 2019.
The company generated revenues of SAR 5.156 billion last year, up 6.455% from SAR 4.843 billion in 2019, according to the company's financial results for 2020.
Higher revenues are mainly attributed to Danube supermarkets, which contributed SAR 3.665 billion, up 17.5% year-on-year (YoY).
The earnings per share (EPS) settled at SAR 3.92 in 2020, compared to SAR 3.67 in 2019.
Meanwhile, the company's board approved full-year dividends of SAR 2.8 per share, aggregating at a total amount of SAR 318.6 million.
The CEO of BinDawood Holding, Ahmad AR. BinDawood, said: "Given our long-term perspective, 2020 was also a year of opportunity in terms of strengthening our business. We added 5 new stores taking our total to 74 stores, our e-commerce platforms witnessed a significant surge in downloads."
It is noteworthy to mention that during the third quarter (Q3) of 2020, the company gained SAR 78.7 million in net earnings, down by 36.8% on a year-on-year (YoY) basis.
