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    1211   SA123GA0ITH7

SAUDI ARABIAN MINING COMPANY (MA'ADEN)

(1211)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 01/23
91.4 SAR   -2.45%
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Saudi Arabian Mining Ma'aden : Company (Ma'aden) announces its Interim Financial Results for the Period Ending on 30-09-2021 (Nine Months)

10/25/2021 | 02:44am EST
Saudi Arabian Mining Company (Ma'aden) announces its Interim Financial Results for the Period Ending on 30-09-2021 (Nine Months)

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Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 6,698,517,103 4,659,154,265 43.771 6,101,453,119 9.785
Gross Profit (Loss) 2,267,276,784 668,409,245 239.204 2,056,799,207 10.233
Operational Profit (Loss) 1,872,990,918 249,528,715 650.611 1,612,089,660 16.184
Net Profit (Loss) after Zakat and Tax 1,271,851,410 6,472,900 19,548.865 1,104,516,722 15.15
Total Comprehensive Income 1,270,132,089 43,420,212 2,825.209 1,137,952,991 11.615
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 18,249,736,343 13,030,726,855 40.051
Gross Profit (Loss) 5,760,472,152 1,244,158,606 363.001
Operational Profit (Loss) 4,532,060,933 -33,124,764 -
Net Profit (Loss) after Zakat and Tax 3,137,523,887 -780,926,560 -
Total Comprehensive Income 3,203,343,365 -983,634,126 -
Total Share Holders Equity (after Deducting Minority Equity) 33,436,165,666 29,656,975,642 12.743
Profit (Loss) per Share 2.55 -0.63
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reasons for the increase in net profit during the current quarter compared to the same quarter of the last year are:

• Higher average realized sales prices of all products except gold.

• Higher share in net profit of joint ventures attributable to Ma'aden and higher other income.

• Lower costs (selling, marketing and logistic expenses by 3%, general and administrative expenses by 6%, exploration and technical services expenses by 14% and finance cost by 11%).

This increase is partially offset by:

• Lower sales volume of all products except alumina and Meridian sales.

• Higher cost of sales by 11% and higher zakat and income tax expense by 154%.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The reasons for the increase in net profit during the current quarter compared to the previous quarter are:

• Higher average realized sales prices of all products except alumina and gold.

• Higher sales volume except ammonia phosphate fertilizer, flat rolled products and gold.

• Lower costs (selling, marketing and logistic expenses by 18%, general and administrative expenses by 9%, and zakat and income tax expense by 10%).

This increase is partially offset by:

• Lower share in net profit of joint ventures attributable to Ma'aden.

• Higher cost of sales by 10% and higher exploration and technical services expenses by 3%.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reasons for the increase in net profit during the current period compared to the same period of the last year are:

• Higher average realized sales prices of all products.

• Higher share in net profit of joint ventures attributable to Ma'aden and higher other income.

• Lower costs (general and administrative expenses by 5%, exploration and technical services expenses by 30% and finance cost by 35%).

This increase is partially offset by:

• Lower sales volume except alumina, primary aluminum, flat rolled products and Meridian sales.

• Lower income from time deposits.

• Higher costs (cost of sales by 6%, selling, marketing and logistic expenses by 10% and zakat and income tax expense by 256%).

Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items N/A

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Disclaimer

Ma'aden - Saudi Arabian Mining Company SJSC published this content on 25 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2021 06:43:06 UTC.


ę Publicnow 2021
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Sales 2021 26 152 M 6 972 M 6 972 M
Net income 2021 4 450 M 1 186 M 1 186 M
Net Debt 2021 39 315 M 10 482 M 10 482 M
P/E ratio 2021 24,7x
Yield 2021 -
Capitalization 112 B 29 886 M 29 888 M
EV / Sales 2021 5,79x
EV / Sales 2022 5,02x
Nbr of Employees -
Free-Float 32,8%
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 91,40 SAR
Average target price 81,14 SAR
Spread / Average Target -11,2%
EPS Revisions
Managers and Directors
Mosaed bin Sulaiman Al-Ohali Chief Executive Officer & Executive Director
Yasir bin Othman Al-Rumayyan Non-Executive Chairman
Raminder Singh Chief Legal Counsel
Abdulaziz bin Saleh Al-Jarbou Independent Vice Chairman
Sulaiman bin Abdulrahman Al-Gwaiz Independent Director
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