Riyadh – Mubasher: BinDawood Holding Company registered a decrease of 49.5% in net profits after Zakat and tax to SAR 157.1 million in the first half (H1) of 2021 from SAR 311.67 million in H1-20.
Earnings per share stood at SAR 1.37 in H1-21, down from SAR 2.73 in H1-20, according to the financial results on Sunday.
Revenues shrank by 24% to SAR 2.24 billion in the first six months of 2021 from SAR 2.96 billion in the same period last year.
In the second quarter (Q2) of 2021, the company posted net profits worth SAR 94.98 million, a decrease of 48.7% from SAR 185.41 million in Q2-20.
Revenues also fell by 27.4% to SAR 1.122 billion in Q2-21 from SAR 1.547 billion in Q2-20.
On a quarterly basis, the net profits in Q2-21 were 52.9% higher than SAR 62.11 million in Q1-21, while the revenues went down 0.14% from SAR 1.124 billion.
In a separate disclosure to Tadawul, BinDawood announced a cash dividend of SAR 1.25 per share, representing 12.5% of the share’s par value, for H1-21.
The company will pay a total amount of SAR 142.87 million for 114.3 million shares eligible for the dividends.
The distribution date will be on 5 September, while the eligibility date has been set as 26 August.
