Ghida Al-Sultan H1 2024 profit rises 9% to SAR 6.8M

Ghida Al-Sultan H1 2024 profit rises 9% to SAR 6.8M

26/08/2024 Argaam Exclusive

View other reports

Ghida Al-Sultan Co. reported a net profit of SAR 6.8 million for H1 2024, an increase of 9% from SAR 6.2 million in a year-earlier period.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 80.49 87.10 8.2 %
Gross Income 34.30 34.89 1.7 %
Operating Income 6.48 7.06 9.0 %
Net Income 6.24 6.78 8.7 %
Average Shares 3.20 3.20 -
EPS (Riyals) 1.95 2.12 8.7 %


Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 80.49 87.10 8.2 %
Gross Income 34.30 34.89 1.7 %
Operating Income 6.48 7.06 9.0 %
Net Income 6.24 6.78 8.7 %
Average Shares 3.20 3.20 -
EPS (Riyals) 1.95 2.12 8.7 %

The profit rise was driven by sales revenues that increased by SAR 6.6 million during the first half of 2024 compared to a year earlier due to an increase in average POS sales and the opening of new branches. 

 

Gross profit increased by SAR 600,000 but was not as much as the rise in sales, due to higher raw material costs affected by the Red Sea shipping crisis.

 

Administrative and general expenses decreased by SAR 900,000 on efforts to use existing resources more efficiently.

 

However, selling and distribution expenses grew by SAR 900,000 on higher sales.

 

Total shareholders’ equity, no minority interest, reached SAR 66.77 million by the end of June 30, 2024, compared to SAR 57.99 million in a year-earlier period.

 

Historical 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

H2 2023 

85.84

1.76

0.55

H1 2024 

87.10

6.78

2.12

 

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
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 %)
H2 2023 85.84 8.6 % 29.20 (8.0 %) 0.56 (95.9 %)
H1 2024 87.10 8.2 % 34.89 1.7 % 7.06 9.0 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
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
H2 2023 1.76 (85.7 %) 0.55 - 1.76 0.55
H1 2024 6.78 8.7 % 2.12 - 6.78 2.12

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
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 %
H2 2023 38.18 % 12.24 % 4.81 %
H1 2024 37.06 % 12.42 % 4.94 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
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
H2 2023 3.20 2.50 2.50 18.75
H1 2024 3.20 2.67 2.67 20.87

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
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
H2 2023 26.00 26.00 3.47
H1 2024 18.67 18.67 2.39


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
more

Share Price

Ghida Alsultan for Fast Food Co.
52.10
0.00 0.00 %

Ghida Alsultan for Fast Food Co. (GHIDA ALSULTAN)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.