Ghida Al-Sultan’s 2022 profit up 28% to SAR 19.5 mln

30/04/2023 Argaam Exclusive

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Ghida Alsultan for Fast Food Co.
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Ghida Alsultan for Fast Food Co. (GHIDA ALSULTAN)

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Ghida Al-Sultan reported a net profit of SAR 19.5 million in 2022, an increase of 28% from SAR 15.3 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 107.08 146.11 36.5 %
Gross Income 43.59 59.92 37.5 %
Operating Income 16.05 20.99 30.8 %
Net Income 15.27 19.47 27.5 %
Average Shares 3.20 3.20 -
EPS (Riyals) 4.77 6.08 27.5 %

The profit growth was spurred by increased sales of existing branches, opening new branches and establishing Foil Burger cloud brand.



Total shareholders’ equity, no minority interest, stood at SAR 51.76 million by the end of the year, compared to SAR 46.67 million in 2021.

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