Fourth Milling Q1 Net Profit Rises 8.3% to SAR 52.6 Mln

Fourth Milling Co. reported on Thursday an 8.3% rise in first-quarter net profit to SAR 52.6 million, up from SAR 48.6 million a year earlier.

Operating profit edged down 0.6% year-on-year to SAR 54.2 million, from SAR 54.5 million.

Shareholders’ equity (excluding minority interest) stood at SAR 706.7 million at end-March, down 1.5% from SAR 717.7 million in the year-ago period.

Earnings per share were SAR 0.10, compared with SAR 0.09 a year earlier.