Saudi Arabian Mining Ma’aden: Company (Ma’aden) reports interim financial results for the period ending 30-09-2021 (nine months)

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Saudi Arabian Mining Company (Ma’aden) reports interim financial results for the period ending 30-09-2021 (nine months)

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List of items

Current quarter

Similar quarter for the previous year

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Previous quarter

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Sales / Revenue

6 698 517 103 4,659,154,265 43,771 6 101 453 119 9.785

Gross profit (loss)

2,267,276,784 668 409 245 239,204 2,056,799,207 10.233

Operating profit (loss)

1 872 990 918 249,528,715 650,611 1,612,089,660 16,184

Net profit (loss) after zakat and taxes

1,271,851,410 6,472,900 19 548.865 1 104 516 722 3:15 p.m.

Total comprehensive income

1 270 132 089 43 420 212 2,825,209 1 137 952 991 11,615

All figures are in Saudi Arabia (real), in riyals

List of items

Current period

Similar period for the previous year

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Sales / Revenue

18 249 736 343 13.030.726.855 40.051

Gross profit (loss)

5,760,472,152 1,244,158,606 363,001

Operating profit (loss)

4,532,060,933 -33 124 764

Net profit (loss) after zakat and taxes

3,137,523,887 -780 926 560

Total comprehensive income

3 203 343 365 -983 634 126

Total shareholders’ equity (after deduction of minority equity)

33 436 165 666 29 656 975 642 12,743

Earnings (loss) per share

2.55 -0.63

All figures are in Saudi Arabia (real), in riyals

List of items

Explanation

The reason for the increase (decrease) in net profit in the current quarter compared to the same quarter of last year is

The reasons for the increase in net profit in the current quarter compared to the same quarter of last year are as follows:

• Higher average realized selling prices for all commodities except gold.

• Increase in the share of net income of joint ventures attributable to Ma’aden and increase in other income.

• Cost reduction (sales, marketing and logistics costs of 3%, general and administrative costs of 6%, exploration and technical services costs of 14% and financial costs of 11%).

This increase is partially offset by:

• Decreased sales volume for all products except Alumina and Meridian sales.

• Cost of sales higher by 11% and increase in zakat and income taxes by 154%.

The reason for the increase (decrease) in net profit in the current quarter compared to the previous period in the current year is

The reasons for the increase in net profit in the current quarter compared to the previous quarter are as follows:

• Higher average realized selling prices for all products except alumina and gold.

• Increased sales volume with the exception of ammonium phosphate fertilizers, flat rolled products and gold.

• Cost reduction (sales, marketing and logistics costs of 18%, general and administrative costs of 9%, and zakat and income tax charges of 10%).

This increase is partially offset by:

• Decrease in the share of net income of joint ventures attributable to Ma’aden.

• Cost of sales 10% higher and exploration and technical service expenses 3% higher.

The reason for the increase (decrease) in net profit during the current period compared to the same period last year is

The reasons for the increase in net profit in the current period compared to the same period last year are as follows:

• Higher average realized selling prices for all products.

• Increase in the share of net income of joint ventures attributable to Ma’aden and increase in other income.

• Cost reduction (general and administrative expenses of 5%, exploration and technical services expenses of 30% and financial expenses of 35%).

This increase is partially offset by:

• Decreased sales volume with the exception of sales of alumina, primary aluminum, flat rolled products and Meridian.

• Decrease in income from term deposits.

• Higher costs (cost of sales 6%, selling, marketing and logistics costs 10% and zakat and income tax charge of 256%).

Declaration of the type of external auditor’s report

Unmodified conclusion

Reclassification of comparators

N / A

The Capital Market Authority and the Saudi Stock Exchange do not assume any responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim all liability for any loss resulting from, or incurred as a result of basis on, any part of this disclosure, and the Issuer accepts full responsibility for the accuracy of the information contained therein and confirms, after making all reasonable inquiries, that to its knowledge, there is no other fact or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Disclaimer

Ma’aden – Saudi Arabia Mining Company SJSC published this content on 25 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 25, 2021 06:43:06 AM UTC.

Public now 2021

All news from SAOUDI ARABIAN MINING COMPANY (MA’ADEN)
Sales 2021 25,414 million
6,776 million
6,776 million
Net income 2021 4,717 million
1,258 million
1,258 million
Net debt 2021 38,885 million
10 367 million
10 367 million
PER 2021 ratio 21.6x
Yield 2021
Capitalization 107B
28,509 million
28,512 million
VE / Sales 2021 5.74x
VE / Sales 2022 5.06x
Number of employees
Free float 32.8%

Chart SAUDI ARABIAN MINING COMPANY (MA’ADEN)
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Saudi Arabian Mining Company (Ma'aden) Technical Analysis Chart |  MarketScreener

Technical Analysis Trends SAUDI ARABIAN MINING COMPANY (MA’ADEN)

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Tendencies Bullish Bullish Bullish

Evolution of the income statement

To sell

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Average consensus SURPASS
Number of analysts 9
Last closing price

86.90 SAR

Average price target

78.59 SAR

Spread / Average target -9.56%


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