Saudi-Based First Mills' Second-Quarter Profit Surges 30% On Strong Sales Growth, Cost Reduction

This post was originally published on Forbes Middle East

Saudi-based flour producer First Milling Company (First Mills) said Tuesday that its net profit shot up by 30.4% year-on-year to $12.1 million (SAR 45.5 million) for the second quarter of 2024, largely driven by strong sales growth and a reduction in costs.

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