Bahrain Mills Mills Company “Mills” announced that the board of directors held its meeting yesterday evening, headed by the Chairman of the Board of Directors in the name of Al -Sa’i. The Council took a number of decisions, including the adoption of the financial statements of the company for the first quarter ending on March 31, 2025.
Al -Sa’i offered to the Board of Directors and Executive Administration and all employees of the company thanked their support and continuous endeavor to achieve the best results, wishing the mills more progress and prosperity.
The company announced its financial results for the three -month period ending on March 31, 2025, as the company recorded a net loss for the period of 297.874 dinars, compared to the profit of 597,147 dinars during the same period last year.
This loss is due to the first quarter of 2025 compared to the same period in the year 2024 due to the decrease in the fair value of the investments and the high costs of asset consumption, along with the allocations for renting the new mill land.
The basic and reduced return of the share decreased for the first quarter of the year 2025 to reach a loss of 12 fils, compared to 24.05 fils for the same period of the year 2024.
The company also incurred a loss of operations during the first quarter of the year 2025 by 32.175 dinars, compared to 126,238 dinars for the same period of the year 2024, and the reasons for the loss from the operations for the period due to the consumption costs of the new production line and the land consumption allocations for the new mill to be implemented.
The total property rights of the company witnessed a decrease of 4% to 25.920.102 dinars compared to 26,863,596 dinars as it is on December 31, 2024. The total assets during the period reached 42,844.064 dinars, compared to 39.713.717 dinars for the year 2023, with an increase of 8%.
On the sales level, the company achieved sales of 1.940,755 dinars during the first quarter of 2025, compared to 2,210,812 dinars during the same period in 2024, a decrease of 12% due to the low demand for unrestricted flour products and the low amount of branred bran.
