US EditionMa'aden's profit up by half as commodity prices rise
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Ma'aden's profit up by half as commodity prices rise
Earnings at Ma’aden, the Saudi Arabian Mining Company, surged by more than half in the first quarter of 2025, supported by growing sales and higher prices. Net profit for the quarter rose 58 percent year on year to SAR1.5 billion ($400 million), the company said in a filing to the Saudi stock exchange. Higher share of profit from joint ventures and associate companies, lower finance costs, as well as income tax and severance expenses were positi…
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