Saudi investor 's Ma’aden has reported a 42.3 % rise in Q2 net profits to SAR507 m ( $ 138 m ) as sales volumes increased and prices of commodities rose . During the second quarter , sales volume in aluminium , alumina and ammonium phosphate fertiliser ( APF ) grew 15 % , while aluminium prices jumped 15 % , and APF prices increased by 14 % . Ma'aden also benefited from increased income from time deposits and the growth in its share of net profits from Ma'aden Barrick Copper , a joint venture . However , net income for the three months was 10 % lower than for the first quarter , and earnings were less than analysts had expected .
Saudi Arabia's Ma’aden has reported a 42.3% rise in Q2 net profits to SAR507m ($138m) as sales volumes increased and prices of commodities rose. During the second quarter, sales volume in gold, alumina and ammonium phosphate fertiliser (APF) grew 14%, while aluminium prices jumped 16%, and APF prices increased by 14%. Ma'aden also benefited from increased income from time deposits and the growth in its share of net profits from Ma'aden Barrick Copper, a joint venture. However, net income for the three months was 19% lower than for the first quarter, and earnings were less than analysts had expected.