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Almasane Alkobra Mining Company (AMAK) announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

1322
AMAK
0.87 %
1446/01/29     04/08/2024 08:41:41

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 203,312,649119,935,49369.518134,499,51851.162
Gross Profit (Loss) 81,794,97826,333,129210.61635,011,985133.619
Operational Profit (Loss) 64,599,49210,053,160542.57817,867,532261.546
Net profit (Loss) 61,818,76110,609,758482.65915,124,877308.722
Total Comprehensive Income 61,967,98510,577,894485.82515,273,004305.735
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 337,812,167262,962,03028.464
Gross Profit (Loss) 116,806,96475,052,88355.632
Operational Profit (Loss) 82,467,02347,312,94974.301
Net profit (Loss) 76,943,63843,464,53877.026
Total Comprehensive Income 77,240,98943,064,18279.362
Total Shareholders Equity (after Deducting Minority Equity) 1,241,058,5551,203,972,6143.08
Profit (Loss) per Share 0.870.49
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 --
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 increase in revenues during the current quarter by SAR 83 million (70%) compared to the same quarter of the last year is increase in the prices of copper, zinc and gold, as well as increase in the quantities sold for copper and zinc, despite decrease in quantities sold for gold.
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 increase in net profit during the current quarter by SAR 51 million compared to the same quarter of the last year is increase in gross profit by SAR 55 million, with a decrease in general and administrative expenses and finance cost despite increase in cost of sales, selling and marketing expenses and tax and 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 69 million (51%) compared to the previous quarter is increase in the prices of copper, zinc and gold, as well as increase in the quantities sold for copper and zinc, despite decrease in quantities sold for gold.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for increase in net profit during the current quarter by SAR 47 million compared to the previous quarter is increase in gross profit by SAR 47 million.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The reason for the increase in revenues during the current period by SAR 75 million (28%) compared to the same period of the last year is increase in the prices of copper, zinc and gold, as well as increase in the quantities sold for copper and zinc, despite decrease in quantities sold for gold.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net profit during the current period increased by SAR 34 million (79%) compared to the same period of the last year due to a increase in gross profit by SAR 42 million (56%) and decrease in finance cost despite increase in selling and marketing expenses and decrease in other income.
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 88,465,328 shares (30-Jun-2023: 88,423,005 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 69.5
Net Change 0.6 (+0.87%)
Value Traded (Sar) 30,677,576
Volume Traded 443,348
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