Latest news with #BahrainFlourMills
Zawya
2 days ago
- Business
- Zawya
Bahrain: Al-Matahin announces 299% increase in first half profit
Bahrain Flour Mills Company's (Al-Matahin) board of directors, chaired by Basim Al Saie, has approved the company's financial statements for the six-month period ending June 30, 2025. Mr Al Saie extended his sincere thanks and gratitude to the directors, the executive management and all company employees for their support and continuous endeavor to achieve the best results, wishing Al-Matahin further progress and prosperity. Al-Matahin announced a net profit of BD974,521 for the second quarter of 2025 compared to net loss of BD427,608 for the same period in 2024. The increase in the net profit for the second quarter of 2025 in comparison to the same period of 2024 is attributed to the increase of fair value of investments and in addition the compensation for the increase in conversion toll per tonne. Basic and diluted earnings per share for the second quarter increased to profit of 39.25 fils compared with a loss 17.22 fils in the same period of 2024. The company also incurred an operating profit during the second quarter of the year 2025 of BD703,166 compared to a loss of BD119,654 loss for the same period in 2024. The increase in profits derived from the compensation described above. The company achieved sales of BD1,752,414 for the second quarter of 2025, compared to BD1,726,071 for the same period in 2024, with an increase of 2pc. For the first half of 2025 (H1-2025), Al-Matahin has reported a 299pc increase in profit of BD676,647 from profit of BD169,539 for the same period in 2024. The company reported basic and diluted earnings per share of 27.26 fils for H1-2025 versus 6.83 fils for the same period in 2024. Operating profit for H1-2025 was BD670,991 versus BD6,584 for the same period in 2024, an increase of 101 times resulting from compensating the elevated cost of conversion toll. Al-Matahin generated sales of BD3,693,169 in H1-2025 versus BD3,936,883 in H1-2024, a decrease of 6pc derived from a 4pc decrease in quantity sold. The company's total equity increased by BD31,000 or 0.12pc to BD26,894,623 as of June 30, 2025 when compared with BD26,863,596 recorded as of end-2024. The total assets for the period reached BD39,996,887 compared to BD39,713,717 in the year 2024, with an increase of 1pc. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Daily Tribune
13-05-2025
- Business
- Daily Tribune
Bahrain Flour Mills Company reports Q1 results
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.
Zawya
13-05-2025
- Business
- Zawya
Bahrain Flour Mills Company announces Q1 financial results
Bahrain - The board of directors of Bahrain Flour Mills Company (Al-Matahin) held their meeting yesterday, chaired by chairman Basim Al Saie. The board took a number of decisions, including the approval of the company's financial statements for the three months ended 31 March 2025. Mr Al Saie extended his sincere thanks and gratitude to the board of directors, the executive management and all company employees for their support and continuous endeavour to achieve the best results, wishing Al-Matahin further progress and prosperity. Bahrain Flour Mills company announced its financial results for the three months ended March 31. The company incurred a net loss for the period of BD297,874, compared to a net profit of BD597,147 for the same period of 2024. The reasons for the loss of the first quarter of the year 2025 in comparison to the same period of 2024 is attributed to the 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 BD32,175 compared to an operating profit of BD126,238 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 BD1,940,755 for the first quarter of 2025, compared to BD2,210,812 for the same period in 2024, with a decrease of 12pc due to low demand on uncontrolled flour products and decrease in bran production. The company's total equity decreased by 4pc to BD25,920,102 compared with BD26,863,596 recorded as of December 31, 2024. The total assets for the period reached BD42,844,064 compared to BD39,713,717 in the year 2024, with an increase of 8pc. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Daily Tribune
19-02-2025
- Business
- Daily Tribune
Over 200 traders promise affordable costs for Ramadan shopping relief
Locked-in prices — at least on paper. More than 200 traders have put their names to a pledge not to hike costs for Ramadan shoppers, easing pressure as shipping fees take a dive. Businessmen say the shelves are packed, and watchdogs are keeping traders in check to stop anyone trying their luck with inflated prices. Cargo Goods are tipped to be cheaper by 10 to 20 per cent this month, thanks to a drop in shipping costs of up to half, depending on where the cargo's coming from. The Bahrain Chamber's Food Sector Committee pulled traders together for a virtual meeting, where they agreed to hold prices steady. Khalid Al Ameen, who heads the committee, believes this keeps the shelves full and wallets a little less battered. To avoid the usual scramble, stock was locked in well ahead of time. Special deals Retailers are already throwing out discounts, with more than 7,000 outlets going all-in on special deals. The flow of fruit and vegetables is picking up, with more than 5,000 tonnes landing each day from Saudi Arabia, Jordan, Egypt, Turkey, India, and Pakistan. Meat and poultry are well covered, while Bahrain Flour Mills has bags of flour and grains ready to roll. Muslim Asad, vice chairman of the Food Wealth Committee, said cheaper shipping has already brought prices down. Officials are keeping a close watch to make sure no one is bending the rules, with tighter checks and penalties for those who push their luck. Traders are being leaned on to keep supplies steady, price guides have been set for key goods, and those caught hoarding or hiking rates face penalties. Discounts Retailers are being encouraged to run discounts where they can. Former Shura Council member and businessman Darwish Al Manai said price controls keep markets from lurching out of control, stopping traders from squeezing customers. But he warned against going too far — if prices are forced too low, suppliers could back off, leading to empty shelves. Unsold stock Push them too high, and the market gets jammed with unsold stock. The key, he said, is balance. A steady hand on the tiller, regular checks, and proper penalties for those trying to rort the system. At the end of the day, the best way to keep prices fair is to make sure the market stays in motion, with enough competition to keep everyone honest.
