Publisher: Maaal International Media Company
License: 465734
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:
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 16% growth in sales volume, supported by geographical expansion and enhanced market coverage.