Wednesday, 16 July 2025

Fourth Milling Co. Net Profit Rises 20% to SAR 171 Million in 2024

اقرأ المزيد

Fourth Milling Co. announced on Sunday, March 09, that its net profit increased to SAR 171 million by the end of 2024, compared to SAR 143 million in 2023, marking a 20% growth. This came following today’s release of the preliminary financial results for the period ending December 31, 2024.

Key Financial Highlights:

  • Operating profit climbed 21% to SAR 198 million, up from SAR 164 million in 2023.
  • Shareholders’ equity (excluding non-controlling interests) rose 4% to SAR 713 million, compared to SAR 683 million in 2023.
  • Earnings per share (EPS) stood at SAR 0.32, up from SAR 0.26 in 2023.

Revenue Growth and Market Expansion:

The company reported a 12.7% increase in total revenues, reaching SAR 629 million. This growth was driven by:

  • A 15% increase in revenue from various flour categories.
  • A 12% rise in feed and bran sales year-on-year.
  • A 16% growth in sales volume, supported by geographical expansion and enhanced market coverage.

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