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Ma’aden Q2 profit surges to SR62.5m
Edited by : AL CIRCLE
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Saudi Arabian Mining Co. (Ma’aden) said Sunday its profit doubled in the second quarter.
Ma’aden made a net profit of SR62.5 million ($16.7 million) in the three months to end-June, compared to SR31.2 million in the same period a year earlier.
Analysts surveyed by Reuters expected the firm to post, on average, net profit of SR44.98 million for the second quarter.
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