Balady Poultry 2024 Profits Rise 17% to SAR 118 Million

Balady Poultry Co. announced on Monday that its net profit increased by 17% to SAR 118 million by the end of 2024, compared to SAR 100.9 million in 2023, following the announcement today of the annual financial results ending on Dec. 31, 2024.

The operational profit increased by 16% to SAR 121 million by the end of 2024, compared to SAR 105 million in 2023.

The total equity (after excluding non-controlling interests) in the current year increased by 47% to SAR 309 million, compared to SAR 210 million in the previous year.

The profits per share in the current year amounted to SAR 17.98, compared to SAR 15.36 in the previous year.

The Company stated in a statement today on “Tadawul” that sales/revenues increased by 16.58% to approximately SAR 887.11 million in 2024, compared to approximately SAR 760.97 million in 2023, as a result of the increase in average daily production.