Saudi Arabian Mining Co. (Maaden) reported a net loss after zakat and tax of SAR 739.46 million in the fiscal year 2019, compared to a net profit of SAR 1.85 billion a year earlier due to decline in average product prices, except gold.
Lower sales volumes of ammonia, aluminum and gold, along with a decline in Maaden’s profit share from its joint venture SAMAPCO also weighed on the annual figures.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 14,170.76 | 17,736.28 | 25.2 % |
| Gross Income | 4,886.98 | 2,671.86 | (45.3 %) |
| Operating Income | 3,977.17 | 920.88 | (76.8 %) |
| Net Income | 1,847.92 | (739.46) | (140.0 %) |
| Average Shares | 3,505.43 | 3,552.02 | 1.3 % |
| EPS (Riyals) | 0.53 | (0.21) | (139.5 %) |
In Q4 2019, the mining firm sustained a net loss of SAR 276.6 million. Shareholders' equity, after minority interest, stood at SAR 30.7 billion in the same period.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 3,824.70 | 4,895.74 | 28.0 % |
| Gross Income | 1,046.81 | 781.55 | (25.3 %) |
| Operating Income | 767.43 | 207.03 | (73.0 %) |
| Net Income | 277.01 | (276.55) | (199.8 %) |
| Average Shares | 3,505.43 | 3,552.02 | 1.3 % |
| EPS (Riyals) | 0.08 | (0.08) | (198.5 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 4,298.68 | 4,895.74 | 13.9 % |
| Gross Income | 721.28 | 781.55 | 8.4 % |
| Operating Income | 269.36 | 207.03 | (23.1 %) |
| Net Income | (92.04) | (276.55) | (200.5 %) |
| Average Shares | 3,552.02 | 3,552.02 | - |
| EPS (Riyals) | (0.03) | (0.08) | (200.5 %) |
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