Dubai: One of Saudi Arabia’s biggest food businesses, First Mills recorded SR220.2 million in 2023 net profit, up 1.3 per cent, and helped by churning out SR964.3 million in sales (against SR913.6 million in 2022). The net profit margin came to a healthy 22.8 per cent, though down on 2022’s 23.8 per cent. The revenues gains were heled by the
First Mills firm records robust revenue growth for fiscal year 2023 menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
First Milling Company, a market-leading Saudi milling firm, has seen its FY 2023 net profit rise 1.25% to SR220.2 million and register net profit margin of 22.8% in FY 2023 and 23.3% in Q4 2023, driven by strong growth in flour sales.
Saudi: First Milling records 23% net profit margin in Q3 of 2023 zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.