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Saudi Maaden turns profitable in the third quarter

Saudi Maaden turns profitable in the third quarter

And I cherished Maaden Company In a statement to the Saudi Stock Exchange, this shift resulted in higher prices, an increase in sales volume, a decrease in consumption expenses, and the receipt of an insurance claim in the amount of 94 million riyals during the third quarter.

The statement said that, on the other hand, operating expenses, including the provision for expected credit loss, increased during the same period of time.

The company achieved a net profit of 2.977 billion riyals in the first nine months of 2024, compared to 687 million riyals in the same period last year.



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