403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Saudi's Maaden net profit drops at 35.3 percent to USD 44.97mn
(MENAFN) Saudi Arabian Mining Co. (Maaden) recorded a 35.3 percent decline in Q1 net profit to reach USD 44.97mn as forecasted.
Moreover, the firm made an income of USD 44.97mn in the three months to March 31, compared to the same period of 2015 at USD 69.47mn.
In addition, the Co. attributed the results to a 17 percent decline in revenues due to lower commodity prices for whole products.
However, the firm logged a drop or falling profits in the cited three quarters on lower products prices but it has faced hard conditions.
Moreover, the firm made an income of USD 44.97mn in the three months to March 31, compared to the same period of 2015 at USD 69.47mn.
In addition, the Co. attributed the results to a 17 percent decline in revenues due to lower commodity prices for whole products.
However, the firm logged a drop or falling profits in the cited three quarters on lower products prices but it has faced hard conditions.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment