The Clap
Gas Arabian’s (9528) net profit increased by 12.2% YoY in 2022.
What
Gas, which specializes in constructing stations and main lines for water distribution, extending electrical wires, and finishing buildings, benefited from the growth of its annual revenues during 2022 in addition to more profits from associate companies and joint ventures.
So What
Gas’ BoD recommended distributing around SAR 35.5 million in cash dividends to shareholders for the past fiscal year, approximately 22.5% of the company’s capital and around SAR 2.25 per share.
Now What
EPS jumped to SAR 4.26 in 2022, compared to SAR 3.88 in 2021.