Yamama Cement turns profitable in 2019; plans 5% dividends
The company attributed the profits to higher sales and other revenues
By Staff Writer, Mubasher
Riyadh – Mubasher: Yamama Cement Company achieved a net profit of SAR 278,249 last year, against losses of SAR 51,840 in 2018.
The company attributed the profits to higher sales and other revenues, according to a statement to the Saudi Stock Exchange (Tadawul) on Tuesday.
Moreover, the company’s board of directors has recommended the distribution of SAR 101.25 million in cash dividends to shareholders for 2019, at SAR 0.50 per share, representing 5% of the share’s par value.
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