Americana net profit up 27% to SAR 972.1 mln in 2022; Q4 hits SAR 237.8 mln

14/02/2023 Argaam Exclusive

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Americana Restaurants International PLC posted a net profit of SAR 972.1 million in 2022, a 27% increase from SAR 764.7 million a year earlier.

Financials (M)

Item	2021	2022	Change‬
Revenues	7,694.05	8,919.55	15.9 %
Gross Income	4,055.24	4,612.77	13.7 %
Operating Income	841.98	1,117.08	32.7 %
Net Income	764.69	972.10	27.1 %
Average Shares	8,423.63	8,423.63	-
EPS (Halala)	9.08	11.54	27.1 %

The positive performance was driven by 15.9% year-on-year (YoY) higher revenue as new restaurants opened.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2021	Q4 2022	Change‬
Revenues	2,039.35	2,278.16	11.7 %
Gross Income	1,069.89	1,163.10	8.7 %
Operating Income	229.19	261.48	14.1 %
Net Income	185.13	237.79	28.4 %
Average Shares	8,423.63	8,423.63	-
EPS (Halala)	2.20	2.82	28.4 %

Item	Q3 2022	Q4 2022	Change‬
Revenues	2,321.66	2,278.16	(1.9 %)
Gross Income	1,177.89	1,163.10	(1.3 %)
Operating Income	282.43	261.48	(7.4 %)
Net Income	279.56	237.79	(14.9 %)
Average Shares	8,423.63	8,423.63	-
EPS (Halala)	3.32	2.82	(14.9 %)

The fourth-quarter net profit rose 28.4% to SAR 237.79 million, from SAR 185.13 million in the year-earlier period.

Net profit retreated 15% from SAR 279.56 million in Q3 2022.

Shareholders’ equity, excluding minority interest, increased to SAR 1.06 billion as of Dec. 31, 2022, compared to SAR 482.08 million a year earlier.

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