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FINANCIAL NEWS
Saudi Maaden records USD72m net profit in Q2
18 Jul 2015
(MENAFN) Saudi Arabian Mining Co. (Maaden), the Gulf’s largest miner, posted a 27.2 percent decline in second-quarter net profit on Tuesday, missing analysts’ forecasts, Arab News reported.
Net profit for the three months to June 30 was USD72 million against USD98.83 million for the corresponding period of 2014, Maaden said in a bourse statement.
Three analysts surveyed by Reuters had forecast on average that Ma’aden would report a net profit USD101.3 million.
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