Modern Mills Co 2024 IR
The report details Modern Mills Company's performance for the fiscal year 2024, highlighting its successful Initial Public Offering and listing on the Saudi Stock Exchange (Tadawul) in March 2024. The company achieved a 6.6% year-on-year revenue growth, reaching SAR 1,000.2 million, and a net profit after Zakat of SAR 208.7 million. Operationally, the company reached 97% capacity utilization in its flour business and obtained board approval for a new animal feed production facility at Al-Jumum. In terms of sustainability, the company improved its Saudization rate to 49% and maintained electricity efficiency correction factors of 98-99%, well above the required local standards.
Company: Modern Mills Co
Sector: Consumer Staples
Country: Saudi Arabia
Year: 2024
Type: IR
Pages: 148
Modern Mills Co
Annual Report
The report details Modern Mills Company's performance for the fiscal year 2024, highlighting its successful Initial Public Offering and listing on the Saudi Stock Exchange (Tadawul) in March 2024. The company achieved a 6.6% year-on-year revenue growth, reaching SAR 1,000.2 million, and a net profit after Zakat of SAR 208.7 million. Operationally, the company reached 97% capacity utilization in its flour business and obtained board approval for a new animal feed production facility at Al-Jumum. In terms of sustainability, the company improved its Saudization rate to 49% and maintained electricity efficiency correction factors of 98-99%, well above the required local standards.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees