Riyadh – Mubasher: BinDawood Holding Company posted an annual drop of 20.25% in net profit after Zakat and tax to SAR 52.20 million during the first quarter (Q1) of 2023, versus SAR 65.45 million.
Revenues jumped by 17.52% year-on-year (YoY) to SAR 1.38 billion in Q1-23 from SAR 1.17 billion, according to the initial financial results.
The earnings per share (EPS) stood at SAR 0.46 during the first three months (3M) of 2023, compared to SAR 0.57 in the year-ago period.
On a quarterly basis, the Q1-23 net profits after Zakat and tax retreated by 19.62% from SAR 64.94 million in Q4-22, while the revenues increased by 4.76% from SAR 1.31 billion.
Dividends for H2-22
The company announced cash dividends amounting to SAR 114.30 million, equivalent to 10% of the capital, for the second half (H2) of 2022.
In this regard, BinDawood will grant SAR 1 per share for 114.30 million eligible shares.
Eligibility and distribution dates for the dividends will be 31 May and 14 June 2023, respectively.
Last year, the Tadawul-listed firm generated net profits after Zakat and tax valued at SAR 124.73 million, down 48.15% from SAR 240.56 million in 2021.