Ghida Al-Sultan for Fast Food Co. (Ghida Al-Sultan) reported a net profit of SAR 6.2 million for H1 2023, a 13% decline from SAR 7.2 million a year earlier
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 67.11 | 80.49 | 19.9 % |
| Gross Income | 28.18 | 34.30 | 21.7 % |
| Operating Income | 7.49 | 6.48 | (13.6 %) |
| Net Income | 7.15 | 6.24 | (12.7 %) |
| Average Shares | 3.20 | 3.20 | - |
| EPS (Riyals) | 2.23 | 1.95 | (12.7 %) |
The profit decline was attributed to higher selling and distribution expenses as a result of the increasing contribution of delivery applications to sales.
On the other hand, the company reported better revenue, as well as lower general and administrative expenses.
Total shareholders’ equity, no minority interest, rose to SAR 57.99 million as of June 30, 2023, from SAR 45.43 million a year earlier.
|
Quarterly Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2021 |
44.46 |
6.51 |
2.04 |
|
H2 2021 |
62.62 |
8.76 |
2.73 |
|
H1 2022 |
67.11 |
7.15 |
2.23 |
|
H2 2022 |
79.00 |
12.32 |
3.85 |
|
H1 2023 |
80.49 |
6.24 |
1.95 |
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