Shatirah House Restaurant Co. announces its Annual Financial results for the period ending on 2023-12-31

Shatirah House Restaurant Co. announces its Annual Financial results for the period ending on 2023-12-31

|Element List||Current Year||Previous Year||%Change|

|Sales/Revenue||281,053,038||250,436,084||12.22|

|Gross Profit (Loss)||84,744,637||68,310,131||24.06|

|Operational Profit (Loss)||15,814,450||5,735,270||175.74|

|Net profit (Loss)||12,285,277||2,696,972||355.52|

|Total Comprehensive Income||11,931,181||2,194,027||443.8|

|Total Share Holders Equity (After Deducting the Minority Equity)||68,867,186||56,936,005||20.95|

|Profit (Loss) per Share||0.35||0.08|

|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: were increased as compared to last year by approximately 12.2% mainly due to increase in same store sales and guest count. Number of branches remains 102 by the end of the current year as compared to 105 branches at the end of previous year. 2 new branches were added and 5 branches were closed in this period.|

|The reason of the increase (decrease) in the net profit during the current year compared to the last year is|| The net profit of the Company for the Current year increased by SR 9.6 million i.e. by 355.5% as compared to the net profit of the previous year because:

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Gross profit: increased by 24% mainly because of increase in average sales per branch and gross profit margin increased from 27.2% in previous year to