Publisher: Maaal International Media Company
License: 465734
The net profit after zakat and tax for the Saudi Arabian Mining Company “Maaden” jumped to SR1.27 billion during the third quarter, compared to SR6.5 million during the same quarter of the previous year, a rate of 19549%.
This comes after the Saudi Arabian Mining Company (Ma’aden) announced on Monday its interim financial results for the period ending on 30-09-2021 (Nine Months).
The operating profit amounted to SR1.87 billion during the third quarter, compared to SR249 million during the same quarter of the previous year, a growth of 651%.
The total profit amounted to SR2.26 billion during the third quarter, compared to SR668 million during the same quarter of the previous year, an increase of 239%.
The net profit after zakat and tax during the current period amounted to 3.13 billion riyals, compared to a loss of 781 million riyals during the same period of the previous year.
Earnings per share during the current period amounted to SR2.55 riyals, compared to a loss of 0.63 during the same period of the previous year.
The reasons for the increase in net profit during the current quarter compared to the same quarter of the last year are:
This increase is partially offset by:
The reasons for the increase in net profit during the current quarter compared to the previous quarter are:
This increase is partially offset by:
The reasons for the increase in net profit during the current period compared to the same period of the last year are:
This increase is partially offset by: