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.
| 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 % |
| Item | Q4 2023 | Q1 2024 | Change |
|---|---|---|---|
| Revenues | 247.51 | 257.81 | 4.2 % |
| Gross Income | 90.42 | 99.12 | 9.6 % |
| Operating Income | 63.70 | 76.80 | 20.6 % |
| Net Income | 51.12 | 64.98 | 27.1 % |
| Average Shares | 81.83 | 81.83 | - |
| EPS (Riyals) | 0.62 | 0.79 | 27.1 % |
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.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}