$TRU $XAG $XAU Saudi Arabian Mining Company (Ma’aden) profits decline
23.7%.. Operating profit falls 46.5%
Saudi Arabian Mining Company (Ma’aden) reported a 23.7% decline in profits in the third quarter of 2026, recording SAR 1.68 billion, compared with SAR 2.21 billion in the same period last year, despite an 11.3% increase in revenue to SAR 11.14 billion, amid rising production and supply chain costs in the phosphate sector.
The company’s financial results revealed a widening gap between revenue growth and falling profits, as gross profit decreased by 29.5% to SAR 2.79 billion, compared with approximately SAR 3.96 billion a year earlier. Operating profit also fell by 46.5% to SAR 1.57 billion, compared with SAR 2.94 billion, reflecting mounting pressure on operating margins.
#NvidiaInvestigatesAfterHuang’sAffairApology #AIChipSlumpNasdaq #EthereumSpotETFsPost$365MWeeklyOutflow #TradFiForBeginners
23.7%.. Operating profit falls 46.5%
Saudi Arabian Mining Company (Ma’aden) reported a 23.7% decline in profits in the third quarter of 2026, recording SAR 1.68 billion, compared with SAR 2.21 billion in the same period last year, despite an 11.3% increase in revenue to SAR 11.14 billion, amid rising production and supply chain costs in the phosphate sector.
The company’s financial results revealed a widening gap between revenue growth and falling profits, as gross profit decreased by 29.5% to SAR 2.79 billion, compared with approximately SAR 3.96 billion a year earlier. Operating profit also fell by 46.5% to SAR 1.57 billion, compared with SAR 2.94 billion, reflecting mounting pressure on operating margins.
#NvidiaInvestigatesAfterHuang’sAffairApology #AIChipSlumpNasdaq #EthereumSpotETFsPost$365MWeeklyOutflow #TradFiForBeginners
