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Modern Mills Q2 profits reach 53.43M riyals
Modern Mills Food Products Company Announces a 7.57% Increase in Quarterly Profits, Reaching SAR 53.43 million in Q2 2026, Compared to SAR 49.67 million in the Same Period Last Year. This rise was driven by a 19.65% increase in revenues to SAR 296.95 million, supported by higher sales volumes and improvements in product mix and prices in the flour, bran, and feed categories, despite increased operating expenses and financing costs. For the first half of the year, the company's profits grew by 3.48% to SAR 119.33 million, while revenues rose by 12.84% to SAR 578.18 million, fueled by increased sales and improved prices of some products.
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