First Milling Full Year 2023 Earnings: EPS: ر.س3.97 (vs ر.س24.33 in FY 2022)

First Milling (TADAWUL:2283) Full Year 2023 Results

Key Financial Results

• Revenue: ر.س964.3m (up 5.5% from FY 2022).
• Net income: ر.س220.2m (up 1.3% from FY 2022).
• Profit margin: 23% (in line with FY 2022).
• EPS: ر.س3.97.

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

In the last 12 months, the only revenue segment was Food Processing contributing ر.س964.3m. Notably, cost of sales worth ر.س551.1m amounted to 57% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ر.س78.7m (41% of total expenses). Explore how 2283's revenue and expenses shape its earnings.

First Milling shares are down 2.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for First Milling that you need to take into consideration.

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