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Ma’aden sees SR128m net income, up 103%

Saudi Arabian Mining Co (Ma'aden) has said the net income for the second quarter of this year jumped 103% to SR128m from SR63m for the same quarter of 2011, Arab News has reported. Gross profit for the second quarter rose 112% to SR340m, compared with SR160m for the same quarter a year ago. Net income for the first six months surged 253% to SR374m, compared with SR106m for the same period of 2011, the firm said.