Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (SADAFCO) proposed cash dividends worth SAR 95.99 million for the first half (H1) of fiscal year (FY) 2022/2023.

SADAFCO would disburse SAR 3 per share, representing 30% of the share nominal value, for 31.99 million eligible shares, according to a bourse disclosure.

The eligibility and distribution dates for the dividends will be on 5 and 23 January 2023, respectively.

It is worth noting that the company paid out the same cash amount as dividends for H2-21/22.

During the April-September 2022 period, SADAFCO recorded a 55.29% year-on-year (YoY) leap in net profit after Zakat and tax to SAR 142.40 million from SAR 91.70 million. 

The sales hiked by 29.67% to SAR 1.32 billion in H1-22/23 from SAR 1.02 billion in H1-21/22, whereas the earnings per share (EPS) enlarged to SAR 4.37 from SAR 2.88.