Ghida Alsultan for Fast Food Co. announces its Annual Financial results for the period ending on 2024-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 181,706,353 | 166,329,865 | 9.24 | ||
| Gross Profit (Loss) | 65,085,714 | 63,498,992 | 2.5 | ||
| Operational Profit (Loss) | 6,426,224 | 7,032,961 | -8.63 | ||
| Net profit (Loss) | 6,093,706 | 7,999,359 | -23.82 | ||
| Total Comprehensive Income | 6,787,716 | 8,237,496 | -17.6 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 66,782,865 | 59,995,149 | 11.31 | ||
| Profit (Loss) per Share | 1.9 | 2.5 | |||
| 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 | Revenues recorded an approximate growth of 9% compared to the previous year. This growth is mainly attributed to increased sales from existing branches, as well as a rise in the number of customers and sales of the new brand. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company's net profit decreased by 23.8% for the current year compared to the previous year, attributed to the following factors:
Gross Profit: Increased by 2.5%, but not at the same rate as sales growth due to rising food material costs affected by shipping crises and global prices.
Selling Expenses: Increased by 1.3 million riyals (3%) due to higher sales; however, as a percentage of sales, it decreased compared to the previous year from 25% to 23.6%.
Administrative Expenses: Rose by 900,000 riyals (6.3%) due to increased costs related to employees and other expenses, in line with employee sustainability and business growth.
Other: Financing costs increased by 288 thousand 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) | NA |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to align with the current year's presentation. |
| Additional Information | - |
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