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Modern Mills quarterly profit rises to 53.43M Riyals
The financial results of Modern Mills for Food Products showed an increase in its quarterly profits in the second quarter of 2026 by 7.57%, reaching 53.43 million SAR compared to 49.67 million SAR in the same period last year. This was driven by a 19.65% rise in revenues to 296.95 million SAR, supported by an improved product mix and higher selling prices, especially in the bran and feed categories, despite rising costs and operational expenses. For the first half of 2026, the company's profits increased by 3.48% to reach 119.33 million SAR, backed by higher sales and improved prices, despite seasonal effects and increased costs.
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