Ghida Al-Sultan net profit down 13% to SAR 6.2 mln in H1 2023

Ghida Al-Sultan net profit down 13% to SAR 6.2 mln in H1 2023

04/09/2023 Argaam Exclusive

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 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



Financials (M)

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.  



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 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 %)

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

View More Financial Results

 

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 44.46 - 16.60 - 6.94 -
H2 2021 62.62 - 26.99 - 9.10 -
H1 2022 67.11 50.9 % 28.18 69.8 % 7.49 7.9 %
H2 2022 79.01 26.2 % 31.74 17.6 % 13.50 48.3 %
H1 2023 80.49 19.9 % 34.30 21.7 % 6.48 (13.6 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 6.51 - 2.04 - 6.51 2.04
H2 2021 8.75 - 2.74 - 8.75 2.74
H1 2022 7.15 9.7 % 2.23 - 7.15 2.23
H2 2022 12.32 40.8 % 3.85 - 12.32 3.85
H1 2023 6.24 (12.7 %) 1.95 - 6.24 1.95

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 40.70 % 21.03 % 14.26 %
H1 2022 42.53 % 18.76 % 12.26 %
H2 2022 41.01 % 20.69 % 13.32 %
H1 2023 41.41 % 19.34 % 11.64 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 3.20 - - 11.85
H2 2021 3.20 4.77 4.77 14.58
H1 2022 3.20 4.97 4.97 14.20
H2 2022 3.20 6.08 6.08 16.17
H1 2023 3.20 5.80 5.80 18.12

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 - - -
H1 2023 12.24 12.24 3.92


Financial Ratios
Current
Market Cap (M Riyal) 166.72
Enterprise Value (EV) (M) 157.26
Shares Outstanding ((M)) 3.20
Book Value (BV) ( Riyal) 18.75
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 20.84
Price/book 2.78
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Share Price

Ghida Alsultan for Fast Food Co.
52.10
0.00 0.00 %

Ghida Alsultan for Fast Food Co. (GHIDA ALSULTAN)

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