The financial statements of the fast food sandwich house restaurant “Burgerizzr”, announced today, Sunday, revealed an increase in profits by 15.7% during the first half ending on June 30, 2021.
The company said, in a statement to the “Tadawul” financial market website, that it achieved a net profit of 6.5 million riyals, compared to profits of 5.6 million riyals in the first half of 2020.
The company achieved an operating profit of 7.1 million riyals, compared to an operating profit of 6.8 million riyals during the first half of the year 2020.
The company attributed the increase in profits during the first half of 2021 to the growth in sales as a result of the increase in the number of branches at the end of the first half of 2021 AD, where the number of branches reached 88 branches compared to 75 branches at the end of the first half of 2020 AD, and to the decrease in financing costs and losses of excluding property and equipment compared to the increase in general expenses Administration and selling expenses.
Total revenues rose to 106.6 million riyals during the first half of this year, compared to revenues of 82.8 million riyals in the first half of 2020.
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