Monday, Feb 18, 2008
BEIRUT (Zawya Dow Jones)--Saudi Printing & Packaging Co., or SPPC, said Monday its board has proposed a cash dividend of 1 Saudi riyal (26.7 cents) per share for the second half of 2007.
The dividend payout will total SAR60 million and represents 10% of the company's capital, SPPC said in a statement on the Saudi bourse Web site.
SPPC's net profit for the second half of 2007 was SAR71.8 million, up 61% from a year earlier, the statement said.
By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2008 ABQ Zawya Ltd.
(END) Dow Jones Newswires
18-02-08 1426GMT
