Nofoth Food Products Co 2024 AR2
The report outlines Nofoth Food Products Company's financial and operational performance for the fiscal year 2024. The company achieved an 18.45% revenue growth to SAR 365 million and a net profit exceeding SAR 51.6 million. Key milestones included increasing capital to SAR 48 million, launching the Employee Share Program, transferring its factory to the MODON economic city, and acquiring the McCoy's Restaurant brand. Nofoth also expanded its brand portfolio with Cake by Mamola and Maqsoud Restaurants. Additionally, the company emphasized its commitment to corporate governance, risk management, and community contributions in alignment with Saudi Vision 2030.
Company: Nofoth Food Products Co
Sector: Consumer Staples
Country: Saudi Arabia
Year: 2024
Type: AR2
Pages: 61
Nofoth Food Products Co
Annual Report
The report outlines Nofoth Food Products Company's financial and operational performance for the fiscal year 2024. The company achieved an 18.45% revenue growth to SAR 365 million and a net profit exceeding SAR 51.6 million. Key milestones included increasing capital to SAR 48 million, launching the Employee Share Program, transferring its factory to the MODON economic city, and acquiring the McCoy's Restaurant brand. Nofoth also expanded its brand portfolio with Cake by Mamola and Maqsoud Restaurants. Additionally, the company emphasized its commitment to corporate governance, risk management, and community contributions in alignment with Saudi Vision 2030.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
No data available