First Milling First Quarter 2024 Earnings: EPS: ر.س1.40 (vs ر.س1.33 in 1Q 2023)

First Milling (TADAWUL:2283) First Quarter 2024 Results

Key Financial Results

• Revenue: ر.س276.4m (up 8.2% from 1Q 2023).
• Net income: ر.س77.7m (up 5.4% from 1Q 2023).
• Profit margin: 28% (in line with 1Q 2023).
• EPS: ر.س1.40 (up from ر.س1.33 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First Milling Earnings Insights

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Food industry in Saudi Arabia.

Performance of the Saudi Food industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

Be aware that First Milling is showing 2 warning signs in our investment analysis that you should know about...

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