Ghida Alsultan profits increased to SAR 19.4 mln at the end of 2022, by 27.5%

Ghida Al-sultan fast food co, revealed an increase in net profit after zakat and tax during the year ending on December 31, 2022 to SAR 19.4 million, compared to 15.2 million riyals in the same year last year, at a rate of 27.5%. This came after today’s announcement of the annual financial results ending in 31-12-2022.

The operating profit amounted to SAR 21 million during the year ending on December 31, 2022, compared to SAR 16 million in the same year of the previous year, with a growth of 30.8%.

The total shareholders’ equity “without minority rights” amounted to SAR 51.7 million in the current year, compared to SAR 46.6 million in the same year last year, an increase of 11%.

Earnings per share in the current period reached SAR 6.08, compared to SAR 4.77 in the same year last year.

The revenues of Ghida Al-sultan fast food co. increased in 2022 from 107,079,201 to 146,112,691, equivalent to 36.45% compared to the previous year 2021, as a result of increased sales of existing branches, expansion by opening new branches, and establishment of a cloud brand in the name of Foil Burger. , which led to an increase in net profit from 15,268,440 to 19,468,475, with a growth of 27.51%.