17 Hrs
Source:
الاقتصادية
Al-Mutaharrik Mills profit up 28.3%
First Mills Company's profits increased by 28.3% in the second quarter of 2026, reaching 66 million riyals, with revenues growing by 26.7% to 301.3 million riyals. This growth was supported by improved operational performance and expansion in the animal feed, flour, and value-added products sectors. The company also recorded a 39.4% increase in gross profit and a 30.5% rise in operating profit. Although the quarterly profit declined by 17.7% due to seasonal factors and the end of Ramadan effects, the company continued to boost sales of value-added products and deliver strong financial performance.
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