BURGERIZZR 2024 Profits Fall 31% to SAR 8.4 Million

Shatirah House Restaurant Co. “BURGERIZZR” announced on Sunday that its net profit decreased by 31% to SAR 8.4 million by the end of 2024, compared to SAR 12.3 million in 2023, following the announcement today of the preliminary financial results for the duration ending Dec. 31, 2024.

The operational profit decreased by 31% to SAR 11 million by the end of 2024, compared to SAR 16 million in the year before last.

The equity (after excluding non-controlling interests) in the current year increased by 5% to SAR 72 million, compared to SAR 69 million in 2023.

Profits per share for the current year amounted to SAR 0.24 riyals, compared to SAR 0.35 riyals in 2023. The Company stated in a statement today on “Tadawul” that revenues recorded a growth of approximately 6.6% compared to the previous year, mainly due to an increase in sales of the branches themselves and an increase in the number of customers.