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Ma'aden ... 2015's Q2 net profit down from previous year

Saudi's Ma'aden Q2 net profit falls 27pc

, July 14, 2015

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, posted a 27.2 per cent fall in second-quarter net profit on Tuesday, missing analysts' forecasts.

Net profit for the three months to June 30 was SAR270 million ($72 million) versus SAR370.8 million ($98.8 million) in the corresponding period of 2014, it said in a bourse statement.

Three analysts surveyed by Reuters had forecast on average that Ma'aden would report a net profit of 380.4 million ($101.4 million). - Reuters

Tags: Gulf | Fall | Net Profit | largest | miner | Ma'aden | 27.2 per cent |

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