Ghida Alsultan for Fast Food Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 166,329,865 | 146,112,691 | 13.84 | ||
| Gross Profit (Loss) | 63,498,992 | 59,916,882 | 5.98 | ||
| Operational Profit (Loss) | 7,032,961 | 20,991,120 | -66.5 | ||
| Net profit (Loss) | 7,999,359 | 19,468,475 | -58.91 | ||
| Total Comprehensive Income | 8,237,496 | 20,473,053 | -59.76 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 59,995,149 | 51,757,653 | 15.91 | ||
| Profit (Loss) per Share | 2.5 | 6.08 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Revenue increased during 2023 by 14% as a result of the increase in average sales per branch by 12% as well as the increase in the number of branches. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Gross Profit:
Total profit increased during 2023 by 6%, an increase of 3.5 million riyals, but the gross profit margin as a percentage of sales decreased by 3% as a result of the increase in rents and the increase in raw material costs.
selling and distribution expenses: increased by 16.8 million riyals as a result of the increase in delivery fees for delivery applications as a result of their increased contribution to sales channels.
General and Administrative expenses: The proportion of general and administrative expenses of total sales decreased from 10% to 9%, mainly due to a decrease in the workforce and efforts made to use existing resources more efficiently.
Other: The company achieved other revenues 2.6 million riyals. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | No |
| Reclassification of Comparison Items | Reclassification:
Some comparative figures have been reclassified in line with the current year presentation |
| Additional Information | - |
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