Riyadh – Mubasher: Shatirah House Restaurant Company (Burgerizzr) reported a 104.91% year-on-year (YoY) surge in net profit to SAR 6.68 million in the first half (H1) of 2024 from SAR 3.26 million.
Sales grew by 10.68% YoY to SAR 146.07 million in H1-24 from SAR 131.97 million, according to the interim financial results.
The earnings per share (EPS) hit SAR 0.191 between 1 January and 30 June 2024, up from SAR 0.093 in the corresponding period the year before.
Second Quarter
During the second quarter (Q2) of 2024, Burgerizzr’s net profit dropped by 69.72% YoY to SAR 1.42 milion from SAR 4.70 million in the comparative period a year earlier.
Sales edged lower to SAR 70.26 million in Q2-24 from SAR 70.57 million in Q2-23.
Quarter-on-quarter, net profit plunged by 72.97% YoY from SAR 5.26 million, while sales declined by 7.32% from SAR 75.81 million in the previous quarter.
In 2023, Burgerizzr logged a 355.52% YoY leap in net profit to SAR 12.28 million from SAR 2.69 million.
