Shatirah House Restaurant Co. (Burgerizzr) reported a net profit after Zakat and tax of SAR 15.4 million in 2021, a decline of 19% from SAR 19 million a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 195.83 | 234.78 | 19.9 % |
| Gross Income | 51.06 | 70.08 | 37.3 % |
| Operating Income | 21.80 | 17.75 | (18.6 %) |
| Net Income | 19.00 | 15.37 | (19.1 %) |
| Average Shares | 35.00 | 35.00 | - |
| EPS (Riyals) | 0.54 | 0.44 | (19.1 %) |
This profit drop was driven by SAR 4.6 million rise in selling expenses, and an increase of SAR 4.5 million in administrative expenses.
Additionally, the company cost of finance jumped by SAR 139,800 during the same period.
Total shareholders’ equity increased 14.88% to SAR 54.741 million in 2021, from SAR 47.650 million in 2020.
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