Jajoum Saudi Arabia pays 154M riyals profit

Jamjoom Pharmaceuticals Saudi Arabia announced a cash dividend distribution of 154 million SAR for the first half of the current year, at a rate of 2.2 SAR per share for 70 million shares. This represents a payout ratio of 22% relative to the nominal value of the share. The report also showed that the company's net profit in the second quarter decreased by 18.2% year-on-year due to declining revenues and increased selling and distribution expenses. However, the half-year net profit rose by 5.8% to reach 305.8 million SAR, supported by revenue growth and the expansion of the gross profit margin.

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