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FINANCIAL NEWS
Saudi Maaden records net loss in Q4
22 Jan 2014
(MENAFN) Saudi Arabian Mining Co. (Maaden) registered a net loss in the fourth quarter of 2013 as a result of lower prices of its petrochemical products, according to Arab News.
The company’s net loss reached USD7.8 million during the fourth quarter compared to USD108.11 million in the same quarter in 2012.
Maaden’s full year net profit increased 54.2 percent reaching USD447 million.
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