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DUBAI: The 抖阴短视频n Mining Company, or Ma鈥檃den, has returned to profit, posting returns of SR3.1 billion ($826 million) in the first nine months of the year.
This is compared to a net loss of SR780 million in the same period in 2020, when the COVID-19 pandemic hit pushed industries to the wall.
The recovery is due to higher average sales prices of all products except gold, the company said in a Tadawul filing.
Higher share in net profit from its joint ventures also bumped Ma鈥檃den鈥檚 profits up.