For when is the recovery?
The Saudi Arabian Mining Company released its Q1 2016 financial statement revealing disappointing results. Q1 2016 revenues dipped by 17.1% on a y-o-y basis to SAR2,273.08m. Over the same period, the miner’s gross profit plunged by 20% to SAR492.8m. Thus, the group’s gross margin lost 77 basis points to 21.7%. The EBIT gave up 21.8% to SAR302.6m. The group’s bottom line collapsed by 36.2% to SAR184.5m, i.e. a net margin at 8.12% vs.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.