Bahrain Flour Mills Company reports Q1 results
TDT | Manama
Email: mail@newsofbahrain.com
Bahrain Flour Mills company announced its financial results for the three months ended 31 March 2024. The company incurred a net loss for the period of BHD (297,874), compared to a net profit of BHD 597,147 for the same period of 2024.
The company attributed the loss to decrease in fair value of investment, increase in assets depreciation, in addition to, New Plant lease provisions.
Basic and diluted losses per share for the first quarter decreased to a loss of (12) fils compared with 24.05 fils profit in the same period of 2024. The company also incurred an operating loss during the first quarter of the year 2025 of BHD (32,175) compared to an operating profit of BHD 126,238 for the same period in 2024.
The operating loss derived from the depreciation of the new production line and the new leased land amortization reserved for the planned new mill plant.
With regards to sales, the Company achieved BHD 1,940,755 for the first quarter of 2025, compared to BHD 2,210,812 for the same period in 2024, with a decrease of 12% due to low demand on uncontrolled flour products and decrease in bran production.
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