Saudi Arabian Mining Company (Ma'aden) reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was SAR 8,044.91 million compared to SAR 6,226 million a year ago. Net income was SAR 971.48 million compared to net loss of SAR 83.44 million a year ago. Basic earnings per share from continuing operations was SAR 0.26 compared to basic loss per share from continuing operations of SAR 0.02 a year ago.
For the nine months, sales was SAR 22,576.98 million compared to SAR 21,237.36 million a year ago. Net income was SAR 2,977.19 million compared to SAR 686.92 million a year ago. Basic earnings per share from continuing operations was SAR 0.81 compared to SAR 0.19 a year ago.