Financial Results : Modern Mills Q1 2024 profit slightly rises to SAR 65M

Modern Mills Q1 2024 profit slightly rises to SAR 65M

09/05/2024 Argaam Exclusive

View other reports

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 -
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.

View more financial results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.