JEDDAH: Saudi Arabian Mining Co. (Maaden), the Gulf's largest miner, posted a 27.2 percent fall in second-quarter net profit on Tuesday, missing analysts' forecasts.

Net profit for the three months to June 30 was SR270 million ($72 million) versus SR370.8 million in the corresponding period of 2014, it said in a bourse statement.

Three analysts surveyed by Reuters had forecast on average that Ma'aden would report a net profit of SR380.4 million.