Saudi Arabian Mining Company (Ma'aden) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SAR 6,226 million compared to SAR 10,014.42 million a year ago. Net loss was SAR 83.44 million compared to net income of SAR 2,102.53 million a year ago. Basic loss per share from continuing operations was SAR 0.02 compared to basic earnings per share from continuing operations of SAR 0.57 a year ago.
For the nine months, sales was SAR 21,237.36 million compared to SAR 30,804.66 million a year ago. Net income was SAR 686.92 million compared to SAR 8,302.57 million a year ago. Basic earnings per share from continuing operations was SAR 0.19 compared to SAR 2.25 a year ago.