image description
image description
Tell A Friend

FinancialNews


  • 09-05-17

    Saudi Ma'aden records USD725.2mn revenue in Q1

    (MENAFN) Saudi Arabian Mining Co. (Ma'aden) has recorded revenue of USD725.2mn through the first quarter of this year, up 20 percent year on year.

    In addition, sales growth was due to increase in sales volume of whole products, and the increase of the average realized prices of aluminum by 18 percent and gold by 3 percent.

    Moreover, a slight improvement in cost of sales saw its gross margin improve to 34 percent in the cited quarter of the year, compared to an average of 22 percent in the eight quarters.

    Meanwhile, the firm's net profit reached USD73.5mn, notably higher than the predicted of USD28.53mn.

    MENAFN0905201700450000ID1095462718

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved