Saudi Arabian Mining Company (Ma’aden) announces its Annual Financial Results for the year Ended on 31-12-2021
Element List | Current Year | Previous Year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 26,769,006,109 | 18,579,823,261 | 44.075 | ||
Gross Profit (Loss) | 9,154,668,071 | 2,566,994,757 | 256.629 | ||
Operational Profit (Loss) | 7,413,643,935 | 810,594,691 | 814.593 | ||
Net Profit (Loss) after Zakat and Tax | 5,227,700,464 | -208,980,874 | - | ||
Total Comprehensive Income | 5,351,327,367 | -383,390,676 | - | ||
Total Share Holders Equity (after Deducting Minority Equity) | 35,651,254,463 | 30,251,637,885 | 17.849 | ||
Profit (Loss) per Share | 4.25 | -0.17 | |||
All figures are in (Actual) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
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: • Higher average realized sales prices of all products except industrial mineral products; • Higher net profit of joint ventures attributable to Ma’aden and • Lower costs (general and administrative expenses by 3%, exploration and technical services expenses by 30% and finance cost by 27%) This increase in net profit is partially offset by: • Lower sales volume of ammonia, gold and flat rolled products; • Lower income from time deposits and • Higher costs (cost of sales by 10%, selling, marketing and logistic expenses by 15% and zakat and income tax expense by 191%) |
Statement of the type of external auditor's report | Unmodified opinion |
Reclassification of Comparison Items | N/A |
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