Saudi Ceramic sees 201% higher profits in 2021

Riyadh – Mubasher: Saudi Ceramic Company recorded a 200.89% year-on-year (YoY) increase in net profits after Zakat and tax to SAR 233.79 million in 2021, compared to SAR 77.7 million.

The company's revenues rose by 1.23% to SAR 1.53 billion in 2021 from SAR 1.52 billion in the earlier year, according to a bourse filing on Thursday.

The earnings per share (EPS) settled at SAR 2.93 last year, versus SAR 0.97 in 2020.

Meanwhile, the company's board has recommended a cash dividend distribution of SAR 59.87 million for the second half (H2) of 2021.

It is noteworthy to mention that during the first nine months (9M) of 2021, the company recorded a leap of 275.9% in net profits after Zakat and tax to SAR 186.67 million from SAR 49.65 million in the same period last year.

Mubasher Contribution Time: 17-Feb-2022 07:01 (GMT)
Mubasher Last Update Time: 17-Feb-2022 07:01 (GMT)