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Almasane Alkobra Mining Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

1322
AMAK
7.49 %
1443/08/27     30/03/2022 15:56:11

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 586,653,318375,150,75256.378
Gross Profit (Loss) 267,697,497125,259,098113.715
Operational Profit (Loss) 216,614,41688,736,656144.109
Net Profit (Loss) after Zakat and Tax 197,264,76988,803,707122.135
Total Comprehensive Income 196,450,03087,567,740124.34
Total Share Holders Equity (after Deducting Minority Equity) 648,436,078451,986,04843.463
Profit (Loss) per Share 3.61.62
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is 'The reasons for the increase in net profit during the current year compared to the last year are Commissioning of new Guyan Gold Mine and start of its commercial production during the year 2021 leading to an increase in quantity of Gold sales by 176%, and higher average realized sales prices of all products during the year.

This increase in net profit was achieved despite of increase in costs and expenses (cost of revenue, selling and marketing expenses and finance cost) due to the start of commercial production of Guyan Gold Mine. In addition, there was increase in Zakat expense.

Statement of the type of external auditor's report Unmodified opinion
Reclassification of Comparison Items Certain comparative figures have been reclassified to conform with current year presentation. These changes have been made to improve the quality of information presented. Such reclassification changes do not affect previously reported profit or equity.
Additional Information 'Profit per share is calculated by dividing profit after zakat and tax by the weighted average number of ordinary shares during the period amounting to 54,870,015 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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Last Price 68.9
Net Change 4.8 (+7.49%)
Value Traded (Sar) 111,477,622.7
Volume Traded 1,653,189
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