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Almasane Alkobra Mining Company (AMAK) announces its Interim Financial Results for the Period Ending on 2024-03-31 (Three Months)

1322
AMAK
-0.50 %
1445/10/26     05/05/2024 08:14:41

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 134,499,518143,026,537-5.961114,748,75717.212
Gross Profit (Loss) 35,011,98548,719,754-28.13520,959,01067.049
Operational Profit (Loss) 17,867,53237,259,789-52.0463,887,974359.558
Net profit (Loss) 15,124,87732,854,780-53.9645,938,917154.673
Total Comprehensive Income 15,273,00432,486,288-52.9866,129,353149.178
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (After Deducting the Minority Equity) 1,167,545,6951,252,683,477-6.796
Profit (Loss) per Share 0.170.37
All figures are in (Actual) Saudi Arabia, Riyals


Element ListPercentage of the capital (%)Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
Accumulated Losses --
All figures are in (Actual) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason for the decrease in revenues during the current quarter by SAR 9 million (6%) compared to the same quarter of the last year is decrease in the prices of Zinc, as well as decrease in the quantities sold for gold, despite increase in quantities sold for Copper.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for decrease in net profit during the current quarter by SAR 17 million (53%) compared to the same quarter of the last year is decrease in gross profit by SAR 14 million (28%), due to decrease in revenues by SAR 9 million with an increase in the cost of sales, increase in general and administrative expenses and decrease in other income despite decrease in zakat expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the increase in revenues during the current quarter by SAR 20 million (17%) compared to the previous quarter is increase in the prices of Copper and Gold, as well as increase in the quantities sold for copper and gold.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Net profit during the current quarter increased by SAR 9 million (149%) compared to the previous quarter due to a increase in gross profit by SAR 14 million (67%) and decrease in general and administrative expenses despite increase in selling and marketing expenses and Zakat expenses.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) N/A
Reclassification of Comparison Items N/A
Additional Information Earnings per share is calculated by dividing the profit after zakat and taxes by the weighted average number of ordinary shares outstanding during the period amounting to 88,246,975 shares (31-Mar-2023: 88,360,619 shares).

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Key Parameters
Last Price 59.5
Net Change -0.3 (-0.5%)
Value Traded (Sar) 25,984,544.6
Volume Traded 431,878
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