The net profit of the Saudi “fourth mills” increased 2.7 percent to 34 million riyals (9 million dollars) in the second quarter of this year, compared to 33 million riyals (8.8 million dollars) in the same quarter of last year.
The company said in a disclosure to the Saudi financial market, on Thursday, that the rise in net profit is mainly due to the improvement of the percentage of profit margin, and this is due to the growth of sales volume, improvement of production efficiency, and increased income from investment deposits compatible with Sharia.
This was partly met with an increase in sales and distribution expenses, which is due to the increase in the cost of transportation related to the growth of flour sales volume and a rise in public and administrative expenses.
On a quarterly basis, the net profit decreased 35 percent after it was 52.7 million riyals (14 million dollars) in the first quarter of 2025, due to the decrease in revenues in the current quarter due to seasonal factors.
The total revenue decreased 17 percent in the second quarter of 2025 to 140 million riyals (37.3 million dollars), after it was 170 million riyals (45.3 million dollars) in the first quarter of the same year.
On the other hand, the “Fourth Mills” company announced the decision of the Board of Directors to distribute cash dividends to shareholders in the first half of 2025, with a total of 59.4 million riyals (15.8 million dollars) on the number of shares of 540 million, to reach the share of the stock of 0.11 riyals.
