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Al Masane Al Kobra Mining Co. (AMAK) announces its Interim Financial Results for the period ending on 30-09-2023 (Nine Months).

1322
AMAK
-3.60 %
1445/04/17     01/11/2023 16:24:33

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 110,183,896125,266,811-12.04119,935,493-8.13
Gross Profit (Loss) 19,883,77936,356,660-45.3126,333,129-24.49
Operational Profit (Loss) 5,265,56725,476,107-79.3310,053,160-47.62
Net Profit (Loss) after Zakat and Tax 5,179,50122,599,580-77.0810,609,758-51.18
Total Comprehensive Income 5,144,44622,392,750-77.0310,577,894-51.37
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 373,145,926427,902,109-12.8
Gross Profit (Loss) 94,936,662161,263,584-41.13
Operational Profit (Loss) 52,578,516116,733,971-54.96
Net Profit (Loss) after Zakat and Tax 48,644,039104,828,345-53.6
Total Comprehensive Income 48,208,628105,690,378-54.39
Total Share Holders Equity (after Deducting Minority Equity) 1,211,905,0041,231,609,417-1.6
Profit (Loss) per Share 0.691.7
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
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 of the decrease in net profit during the current quarter compared to the same quarter of the last year is the decrease in prices of Zinc, decrease in quantity of Copper and Gold, increase in cost of sales on account of higher amortization expense, in addition to higher general and administrative expense related to share based compensation expenses for employees booked in current quarter despite increase in prices of Gold and decrease in Zakat and Tax expenses.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The reason of the decrease in net profit during the current quarter compared to previous quarter is the decrease in prices of Gold, decrease in quantity sold for Gold, increase in Zakat and Tax expenses and decrease in other revenues despite decrease in general and administrative expense, decrease in finance cost, increase in price of Zinc and increase in quantity sold for Zinc and Copper.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason for decrease in net profit during the current period compared to the same period last year is decrease in prices of Zinc, decrease in quantity sold for Copper and Gold, increase in cost of sales on account of higher amortization expense and raw materials expense, in addition to increase in general and administrative expenses as a result of share based compensation expenses for employees booked despite increase in prices of Gold , increase in quantity of Zinc sold, decrease in selling and marketing expenses and increase in other revenues.
Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion N/A
Reclassification of Comparison Items N/A
Additional Information Profit 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 70,084,840 shares (30-Sep-2022: 61,636,267 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 61.6
Net Change -2.3 (-3.6%)
Value Traded (Sar) 38,321,939.5
Volume Traded 615,575
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