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Almasane Alkobra Mining Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 157,991,124117,586,77434.361172,195,721-8.249
Gross Profit (Loss) 68,057,84447,110,05644.46582,502,745-17.508
Operational Profit (Loss) 49,660,74535,987,21337.99572,519,881-31.521
Net Profit (Loss) after Zakat and Tax 41,815,03834,323,60921.82562,738,108-33.349
Total Comprehensive Income 41,598,60534,323,60921.19562,426,874-33.364
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 1,295,335,784486,309,657166.36
Profit (Loss) per Share 0.750.63
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
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 of the increase in net profit during the current quarter compared to the same quarter of the last year is the increase in revenue from base and precious metals due to higher production and sales volume of all metals and higher average realized price of most metals, despite the increase in the general & administrative expenses due to recording of the company’s share of the IPO transaction costs in addition to the increase in the selling & marketing expenses as well as the increase in the zakat expense.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is 'The reason of the decrease in the net profit during the current quarter compared to the previous quarter is the decrease in revenue due to a decrease in production and sales volume of most metals as a result of carrying out some maintenance and improvements, in addition to the increase in the general & administrative expenses due to recording of the company’s share of the IPO transaction costs in addition to the increase in the zakat expense.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Certain of the prior period amounts have been reclassified to conform with the presentation in the current period. 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 55,729,671 shares (31-Mar-2021: 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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