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Almasane Alkobra Mining Co. announces its Interim Financial results for the Period Ending on 30-09-2024 ( Nine Months )

1322
AMAK
-0.29 %
1446/04/26     29/10/2024 15:49:36

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 215,957,769110,183,89695.997203,312,6496.219
Gross Profit (Loss) 80,854,33419,883,779306.63481,794,978-1.15
Operational Profit (Loss) 66,118,7535,265,5671,155.68164,599,4922.351
Net profit (Loss) 59,752,5375,179,5011,053.63561,818,761-3.342
Total Comprehensive Income 59,261,7605,144,4461,051.95661,967,985-4.367
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 553,769,936373,145,92648.405
Gross Profit (Loss) 197,661,29894,936,662108.203
Operational Profit (Loss) 148,585,77652,578,516182.597
Net profit (Loss) 136,696,17648,644,039181.013
Total Comprehensive Income 136,502,75048,208,628183.15
Total Shareholders Equity (after Deducting Minority Equity) 1,216,658,7591,211,905,0040.392
Profit (Loss) per Share 1.550.55
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 106 million (96%) compared to the same quarter of the last year is increase in the quantities sold for copper, zinc and gold as well as increase in prices of copper, zinc and 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 54 million compared to the same quarter of the last year is increase in gross profit by SAR 61 million, with a decrease in general and administrative expenses despite increase in 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 13 million (6%) compared to the previous quarter is increase in the quantities sold for gold and increase in price for zinc and gold despite decrease in quantities sold for copper.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for decrease in net profit during the current quarter by SAR 2 million compared to the previous quarter is increase in tax expenses.
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 181 million (48%) compared to the same period of the last year is increase in the quantities sold for copper and zinc as well as increase in prices of copper, zinc and 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 88 million (181%) compared to the same period of the last year due to increase in gross profit by SAR 103 million (108%) and decrease in finance cost despite increase in selling and marketing expenses, increase in zakat 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 88,425,709 shares (30-Sep-2023: 88,427,805 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 69.8
Net Change -0.2 (-0.29%)
Value Traded (Sar) 7,626,161.4
Volume Traded 109,075
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