Americana Restaurants International PLC announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )
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AMERICANA
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1444/10/14 04/05/2023 08:24:19
Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 2,210,340 2,165,910 2.05 2,278,155 -2.98
Gross Profit (Loss) 1,127,006 1,159,590 -2.81 1,163,096 -3.1
Operational Profit (Loss) 247,853 307,920 -19.51 263,685 -6
Net Profit (Loss) after Zakat and Tax 217,984 269,899 -19.23 237,788 -8.33
Total Comprehensive Income 203,936 288,060 -29.2 255,188 -20.08
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Current Period Similar Period For Previous Year %Change
Total Share Holders Equity (after Deducting Minority Equity) 883,043 357,953 146.69
Profit (Loss) per Share 0.03 0.03
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Explanation
Following the Company’s strong performance over FY 2022, Americana Restaurants has continued to build on momentum in
2023, reporting $589.4 million in revenues for the first quarter, up 2.1% year-on-year. Despite the partial seasonal shift of the
Holy Month of Ramadan from Q2 2022 to Q1 2023, along with currency devaluation in Egypt and Lebanon, the Company
achieved healthy year-on-year revenue growth.
The reason of the increase Net income (attributable to shareholders of the Parent Company) was $58.1 million in Q1 23, down 19.2% from $72.0
(decrease) in the net profit million, impacted by commodity driven inflationary headwinds and lower sale volumes in March due to Ramadan. On a
during the current quarter comparative basis, performance was robust given the occurrence of Ramadan, which generally sees families and friends
compared to the same quarter gather together to enjoy home-cooked food, rather than eat out or order in. Meanwhile, commodity-driven inflationary
of the last year is headwinds are expected to ease in the second half of 2023.
The reason of the increase
(decrease) in the net profit
during the current quarter Revenue decreased by 3.0%, from $607.5 million in Q4 2022.Element List Explanation
compared to the previous Net income (attributable to shareholders of the Parent Company) was $58.1 million in Q1 23, down 8.3% from $63.4
quarter of the current year is million, due to seasonality impact of Ramadan.
Statement of the type of
external auditor's report Unmodified conclusion
Reclassification of
Comparison Items N/A
Restaurant portfolio
In Q1 2023, the Company added 49 gross new restaurants. As at 31 March 2023, Americana Restaurants’ restaurant
portfolio stood at 2,228 restaurants, with 63 new restaurants under construction.
Dividend payment
On 28 March 2023, Americana Restaurants held its first Annual General Meeting where shareholders approved $0.0123
dividend per share for the second half of 2022. Total dividends distributed for the second half of 2022 amounted to $103.5
Additional Information million.
Attached Documents
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability
whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms,
having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or
inaccurate.

Sentiment: positive