Al Masane Al Kobra Mining Co. (AMAK) announces the annual financial results for the period ending on 31/12/2023 AD

7.05 %
1445/08/23     04/03/2024 15:40:50

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 487,894,683582,768,703-16.28
Gross Profit (Loss) 115,895,672208,360,233-44.38
Operational Profit (Loss) 56,466,490143,946,711-60.77
Net profit (Loss) 54,582,956126,331,146-56.79
Total Comprehensive Income 54,337,981127,626,368-57.42
Total Share Holders Equity (After Deducting the Minority Equity) 1,220,230,0401,220,197,1890
Profit (Loss) per Share 0.732.02
All figures are in (Actual) Saudi Arabia, Riyals

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

Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year The reason for the decrease in revenues during the current year by SAR 95 million (16%) compared to the previous year is decrease in the prices of all metals except gold, as well as decrease in the quantities sold for copper and gold.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is Net profit during the current year decreased by SAR 72 million (57%) compared to the previous year due to a decrease in gross profit by SAR 92 million (44%) as a result of a decrease in revenues by SAR 95 million with a slight decrease in the cost of sales, and decrease in gross profit was offset by lower finance cost, lower selling and marketing expenses, and lower zakat expenses.
Statement of the type of external auditor's report Unmodified opinion
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 year amounting to 74,644,019 shares (31-Dec-2022: 62,405,767 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 63.8
Net Change 4.2 (+7.05%)
Value Traded (Sar) 161,867,077.5
Volume Traded 2,578,724
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