Latest news with #BasimAlSaie
Zawya
11 hours 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
a day ago
- Business
- Daily Tribune
Bahrain Flour Mills Company announces financial results for Q2, first half of 2025
TDT | Manama The Board of Directors of Bahrain Flour Mills Company B.S.C. (Al-Matahin) trading code (BFM) held its meeting on Wednesday, Aug 13, 2025, at 11 A M , chaired by Mr. Basim AlSaie, Chairman of the Board of Directors. The B o a r d took a number of decisions, including the approval of the company's financial statements for the six-month period ending 30 June 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 endeavor to achieve the best results, wishing Al-Matahin further progress and prosperity. Bahrain Flour Mills company B.S.C. announces a net profit of BHD 974,521 for the second quarter of 2025 compared to net loss of BHD (427,608) for the same period in 2024 . The increase in the net profit for the second quarter of the year 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 ton. 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 BHD 703,166 compared to BD (119,654) loss for the same period in 2024. The increase in profits derived from the compensation described above. With regards to sales, the Company achieved BHD 1,752,414 for the second quarter of 2025, compared to BHD 1,726,071 for the same period in 2024, with an increase of 2%. For the First Half of 2025, BFM has reported a profit of BD 676,647 versus BD 169,539 profit for the same period in 2024 up by 299%. The Company reported Basic and Diluted Earnings per share of fils 27.26 for the first half of 2025 versus 6.83 fils profit for the same period in 2024. Operating profit for the First Half of 2025 was BD 670,991 versus BD 6,584 for the same period in 2024 with an increase of 101 times resulted from compensating the elevated cost of conversion toll. BFM generated in first half sales of BD 3,693,169 versus BD 3,936,883 in H1 2025- decrease by 6 % derived from decrease in quantity sold by 4%. The Company's total equity increased by 31 thousand or 0.12% to BHD 26,894,623 compared with 26,863,596 recorded as of 31 December 2024. The total assets for the period reached BHD 39,996,887 compared to BD 39,713,717 in the year 2024, with an increase of 1%.
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
26-02-2025
- Business
- Daily Tribune
BFM reports results, announces dividend
Bahrain Flour Mills Company (Al-Matahin) (BFM) yesterday reports quarterly and Full year 2024 results, which the company said was impacted by decrease in investment income from listed securities, booked depreciation for the new production line at the mill as well as increase in other operating expenses. In ine with results, the Board of Directors meeting, chaired by Mr. Basim AlSaie, Chairman of the Board of Directors, recommended the distribution of a cash dividend of BHD 620,620 equivalent to 25% of its paidup capital, subject to approval by the General Assembly and regulators. Q4 results BFM achieved a net loss for the fourth quarter of BD (95,653), compared to a net profit of BD 895,494 for the same period in 2023. The decrease in the net profit for the fourth quarter of the year 2024 in comparison to the same period in 2023 is attributed to the decrease in investment income from listed securities besides booked depreciation for the new production line at the mill, in addition to the increase in other operating expenses. Profit per Share was fils 3.86 for Q4 2024 versus fils 35.75 for the same period in 2023. Operating loss for Q4 2024 was BD (322,841) versus BD (35,887) loss for the same period in 2023. The reason for the decrease in operating profits for the period is due to the increase in operating expenses followed by capitalization of the new mill project and the depreciation costs, in addition to lease cost provisions relevant to the leased land reserved for the planned new mill plant. BFM generated Q4 sales of BD 1,868,459 versus BD 1,954,288 in Q4 2023 - decreased by 4%, basically, relevant to market demand on uncontrolled flour products and decrease in bran production. Full year results For the year ended 31st December 2024, BFM reported a Profit of BD 432,791 versus BD 2,501,179 for the same period in 2023 – decrease by 83%. The decrease in net income for the year 2024 in comparison to the year 2023 relates to the increase in the market valuation of equity investment and increase in operating & non-operating expenses, besides the increases on finance cost. Earnings per Share was fils 17.43 versus fils 100.75 for the same period in 2023. Operating loss was BD (208,663) versus BD 488,989 for the same period in 2023. BFM generated sales of BD 7,605,900 in 2024 versus BD 7,677,225 in 2023 - decrease by 1%. Total equity decreased by 1% to BD 26,863,596 compared with BD 27,076,425 as recorded on 31 December 2023. The total assets for the year ended 31 December 2024 reached BHD 39,713,717 compared to BD 35,548,935 at the end of the same period in 2023, being an increase of 12% due to capitalization of new mill project and recording of new lease agreements that includes the planned new Mill land lease.
