Ma’aden records profits during Q3 of 971.4 million riyals

Saudi Arabian Mining Company recorded a net profit during the third quarter of 971.4 million riyals, compared to a loss of 83.4 million riyals in the same quarter last year. This came after announcing today the preliminary financial results for the period ending September 30, 2024 (nine months).

The operating profit amounted to 1.6 billion riyals in the third quarter, compared to 211.9 million riyals in the same quarter of the previous year, an increase of 689.4%.

The company’s net profit during the 9-month period amounted to 2.9 billion riyals, compared to 686.9 million riyals in the same period last year, an increase of 333.4%.

The earnings per share in the current period reached 0.81 riyals, compared to 0.19 riyals in the same period last year.