United Mining expects 4% rise in cost of sales on gas price hikes

29/01/2025 Argaam
Logo ofUnited Mining IndustriesCo.

Logo of United Mining Industries Co.

United Mining Industries Co. said it expects an increase of nearly 4% in the direct and indirect cost of goods sold on gas price adjustments.

 

The relevant financial impact is expected to appear in Q1 2025, the company added in a statement to Tadawul.

 

For more news on listed companies

 

United Mining will make its utmost effort to mitigate the financial impact and is committed to adopting plans to reduce costs and enhance production efficiency, the statement added.

 

Earlier this month, United Mining was notified by Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) of gas price hikes, effective as of Jan. 1, as prices were changed by Saudi Aramco, Argaam earlier reported.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.