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Saudi traders work at the Saudi Investment Bank in Riyadh. STR New, Reuters
The shareholders of Leejam Sports Company (Fitness Time) approved cash dividends amounting to SAR 50.81 million in the first quarter (Q1) of 2024.
The company will disburse a dividend of SAR 0.97 per share, equivalent to 9.70% of the share’s nominal value, for 52.38 million eligible shares.
Fitness Time highlighted that the distribution date will be 25 June 2024, according to a bourse disclosure.
The shareholders greenlighted the cash dividends during the extraordinary general meeting (EGM) that was held on 6 June, while the board recommended the amount last May.
Fitness Time recorded 49.20% higher net profits at SAR 94 million in Q1-24, compared to 63 million in Q1-23.
Revenues increased by 24.18% to SAR 344 million in Q1-24 from SAR 277 million a year earlier, while the earnings per share (EPS) climbed to SAR 1.80 from SAR 1.20.
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