Modern Mills Q1 2024 profit slightly rises to SAR 65M

09/05/2024 Argaam Exclusive
0

Modern Mills for Food Products Co. (Modern Mills) posted a marginal rise of 1.4% in Q1 2024 net profit to SAR 65 million, from SAR 64.1 million in the year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2023 Q1 2024 Change‬
Revenues 252.25 257.81 2.2 %
Gross Income 102.40 99.12 (3.2 %)
Operating Income 76.67 76.80 0.2 %
Net Income 64.11 64.98 1.4 %
Average Shares 81.83 81.83 -
Earnings Per Share before unusual items (Riyals) 0.78 0.79 1.4 %
EPS (Riyals) 0.78 0.79 1.4 %

The company cited a 2.2% year-on-year (YoY) increase in net revenue to SAR 257.8 million in Q1 2024, mainly driven by topline growth and the launch of new sub-categories.

 

Shareholders’ equity, no minority interest, reached SAR 280.4 million as of March 31, 2024, compared to SAR 247.7 million a year earlier.

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Share Price

Modern Mills for Food Products Co.
38.60
0.40 1.05 %

Modern Mills for Food Products Co. (MODERN MILLS)

1 Day 1.05 % 5 Days 0.65 % 3 Months (9.92 %) 6 Months (20.17 %) Year (38.14 %) 2 Years (38.14 %) 5 Years (38.14 %) All (38.14 %)
Created with Highstock 6.0.710:2010:3010:4010:5011:0011:1011:3011:4011:5012:0012:2012:3012:5013:0013:1013:3013:4013:5014:0014:1014:2014:3014:4014:5015:203838.138.238.338.438.538.638.7
Close : 38.60 | Mar 13, 15:20
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Financial Ratios
Current
Market Cap (M Riyal) 3,158.72
Enterprise Value (EV) (M) 3,658.88
Shares Outstanding ((M)) 81.83
EPS ( Riyal) (TTM) 2.55
Book Value (BV) ( Riyal) 3.21
Par Value ( Riyal) 1.00
Adjusted P/E (Last12) 15.14
P/E (TTM) 15.14
Price/book 12.03
Return on Average Assets (%) (TTM) 17.4
Return on Average Equity (%) (TTM) 29.2
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