Financial Results : Burgerizzr H1 2021 net profit rises 16% to SAR 6.5 mln

Burgerizzr H1 2021 net profit rises 16% to SAR 6.5 mln

12/09/2021 Argaam Exclusive

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Shatirah House Restaurant Co. (Burgerizzr) reported a net profit after Zakat and tax of SAR 6.5 million in H1 2021, an increase of 16%, from SAR 5.6 million in the year-earlier period.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 82.82 106.63 28.7 %
Gross Income 19.07 29.93 56.9 %
Operating Income 6.80 7.14 5.0 %
Net Income 5.62 6.50 15.7 %
Average Shares 35.00 35.00 -
EPS (Riyals) 0.16 0.19 15.7 %

This profit rise was driven by higher sales on the increase in branch numbers to 88 during the six-month period, from 75 branches in the prior-year period, in addition to lower financing expenses.



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