SISCO's net profits fall 58.5% in 2021; dividends proposed

Riyadh – Mubasher: The net profits after Zakat and tax of Saudi Industrial Services Company (SISCO) declined by 58.46% year-on-year (YoY) to SAR 57.90 million in 2021, compared to SAR 139.40 million.

The company generated revenues of SAR 985.40 million last year, a decrease of 3.47% from SAR 1.02 billion in 2020, the financial results showed.

The earnings per share (EPS) stood at SAR 0.71 in 2021, versus SAR 1.71 a year earlier.

Meanwhile, the company’s board recommended a cash dividend worth SAR 0.40 per share for 2021.

SISCO would pay SAR 32.64 million, representing 4% of the capital, as dividends for 81.60 million eligible shares.

The eligibility and distribution dates will be on 10 and 27 March, respectively.

It is worth noting that in the first nine months (9M) of 2021, the company's profits shrank by 47.26% to SAR 58.70 million from SAR 111.30 million during the same period in the prior year.

Mubasher Contribution Time: 03-Mar-2022 12:15 (GMT)
Mubasher Last Update Time: 03-Mar-2022 12:15 (GMT)