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Almasane Alkobra Mining Co. (AMAK) announces its Interim Financial Results for the period ending on 31-03-2025 (Three Months).

1322
AMAK
-1.91 %
1446/10/30     28/04/2025 15:58:19

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 219,772,398134,499,51863.4226,878,974-3.132
Gross Profit (Loss) 83,954,46435,011,985139.78776,194,25810.184
Operational Profit (Loss) 68,115,04217,867,532281.22259,343,13714.781
Net profit (Loss) 55,239,65115,124,877265.22341,202,57034.068
Total Comprehensive Income 53,742,12315,273,004251.87641,720,61928.814
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 1,210,117,5341,167,545,6953.646
Profit (Loss) per Share 6217
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 85 million (63%) compared to the same quarter of the last year is increase in the quantities sold for zinc and increase in prices of copper, zinc and gold, despite the decrease in the quantities sold of copper as a result of scheduled periodic maintenance work (for 5 weeks) that was announced on the Tadawul website on 01/01/2025 AD.
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 the increase in net profit during the current quarter by SAR 40 million compared to the same quarter of the last year is increase in gross profit by SAR 49 million, due to increased sales and lower production costs despite the increase in tax and severance 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 decrease in revenues during the current quarter by SAR 7 million (3%) compared to the previous quarter is decrease in the quantities sold for copper, zinc and gold, as a result of the scheduled periodic maintenance work (for 5 weeks) that was announced on the Tadawul website on 01/01/2025 AD despite an increase in prices for copper and 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 the increase in net profit during the current quarter by SAR 14 million compared to the previous quarter is increase in gross profit by SAR 8 million as a result of lower production costs, and a decrease in selling and marketing expenses, tax and severance expenses.
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 are calculated by dividing the net profit for the period by the weighted average number of ordinary shares outstanding during the period, amounting to 88,541,255 shares (31-Mar-2024: 88,246,975 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 66.85
Net Change -1.3 (-1.91%)
Value Traded (Sar) 12,424,526.9
Volume Traded 184,928
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