trending Market Intelligence /marketintelligence/en/news-insights/trending/_VojJColkMU-YRmIK4jZkg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Ma'aden's FY'16 profit slides 33.8%

Blog

Global M&A Infographic Q1 2021

Blog

COVID-19 Impact & Recovery: Private Equity

Blog

Lithium prices rally cobalt prices correct

Blog

COVID-19 Impact & Recovery: Investment Banking


Ma'aden's FY'16 profit slides 33.8%

Saudi Arabian Mining Co., or Ma'aden, reported a 33.8% drop in its full-year 2016 net profit to 400.6 million Saudi riyals, or 34 halalas per share, compared to 2015.

According to a Jan. 19 statement, Ma'aden booked a net profit of 15.7 million riyals in the December quarter, which was a shift from a loss of 5.7 million riyals in the same quarter of 2015 but an 81.25% drop from the September quarter profit of 83.6 million riyals.

As of Jan. 19, US$1 was equivalent to 3.75 Saudi riyals.