The Clap
Ghida Alsultan’s (9567) net profit increased by 27.5% YoY for the year ending December 31, 2022.
What
Ghida Alsultan’s revenues grew by 36.5% YoY in 2022.
So What
The company benefited from higher sales in its existing branches, the opening of new branches, and the establishment of a cloud brand called “Fuel Burger”, a classic burger that is presented in a modern way, prepared in cloud kitchens spread throughout KSA.
Now What
EPS in 2022 was recorded at SAR 6.08, compared to SAR 4.77 in 2021.
