Maaden 2Q16 first glance: Operational earnings rise Q-o-Q as expected, but higher SAIBOR pressures bottom-line
Revenue – SAR2,546mn, -15% Y-o-Y, +12% Q-o-Q, +3% vs. EFGe Operating Income – SAR326mn, -31% Y-o-Y, +8% Q-o-Q, +1% vs. EFGe Net Income – SAR132mn, -51% Y-o-Y, -22% Q-o-Q, +8% vs. EFGe Saudi Arabian Mining Company (Maaden) anno
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