Almasane Alkobra Mining Co. (AMAK) reported a net profit of SAR 76.9 million in H1 2024, a rise of 77% from SAR 43.5 million in the year-earlier period.
Item | 6m 2023 | 6m 2024 | Change |
---|---|---|---|
Revenues | 262.96 | 337.81 | 28.5 % |
Gross Income | 75.05 | 116.81 | 55.6 % |
Operating Income | 47.31 | 82.47 | 74.3 % |
Net Income | 43.46 | 76.94 | 77.0 % |
Average Shares | 90.00 | 90.00 | - |
EPS (Riyals) | 0.48 | 0.85 | 77.0 % |
Item | Q2 2023 | Q2 2024 | Change |
---|---|---|---|
Revenues | 119.94 | 203.31 | 69.5 % |
Gross Income | 26.33 | 81.80 | 210.6 % |
Operating Income | 10.05 | 64.60 | 542.6 % |
Net Income | 10.61 | 61.82 | 482.7 % |
Average Shares | 90.00 | 90.00 | - |
EPS (Riyals) | 0.12 | 0.69 | 482.7 % |
Item | Q1 2024 | Q2 2024 | Change |
---|---|---|---|
Revenues | 134.50 | 203.31 | 51.2 % |
Gross Income | 35.01 | 81.80 | 133.6 % |
Operating Income | 17.87 | 64.60 | 261.5 % |
Net Income | 15.13 | 61.82 | 308.7 % |
Average Shares | 90.00 | 90.00 | - |
EPS (Riyals) | 0.17 | 0.69 | 308.7 % |
Q2 2024 net profit soared to SAR 61.8 million from SAR 10.6 million in Q2 2023, on higher prices for copper, zinc and gold, along with jump in quantities sold of copper and zinc.
Sequentially, Q2 net profit surged from SAR 15.13 million in Q1 2024.
Shareholders’ equity, no minority interest, stood at SAR 1.24 billion at the end of June 2024, compared to SAR 1.20 billion a year ago.
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