Modern Mills Q2 profits rise to 53.43M
Modern Mills Food Products Company announced that its net profits increased by 7.57% year-over-year in the second quarter of 2026, reaching 53.43 million riyals compared to 49.67 million riyals last year. Revenues for the quarter rose by 19.65% to 296.95 million riyals, driven by higher sales volumes and improved product prices, especially in the bran and feed categories. On a quarterly basis, profits declined by 18.93% compared to the first quarter, affected by seasonal factors and increased operating expenses, despite higher revenues. For the first half of 2026, the results showed an increase in net profit to 119.33 million riyals, a growth of 3.48% compared to the same period in 2025, with revenues rising by 12.84% to 578.18 million riyals due to increased sales and better product prices.
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