American profits increase to 122.4 million riyals in the first quarter

The net profits of the Americana International Restaurants Company increased from the first quarter of the current year to 122.43 million riyals, an increase of 16.5% over the same period in the previous year, which witnessed a net profit of 105 million riyals.
The company said, in a statement on “Saudi Arabia Trading”, today, Wednesday, that the rise was supported by the growth of revenues and improved the total profit margin through cost reduction initiatives.
However, net profit was negatively affected by the application of new tax systems worth $ 3.5 million in some major markets during the first quarter, and recorded positive items are recorded with a total of 7.4 million dollars, related to alleviating the marketing costs recorded in the first quarter of 2024.

American general details

The annual General Assembly of America, which was held on April 29, witnessed the consideration of the proposal of the Board of Directors to distribute cash dividends for shareholders for the fiscal year ending December 31, 2024, which reached a total value of about 127 million dollars (476.25 million riyals) (75.4% of the capital), at 0.015 USD per share.
May 7, 2025 is determined as the last day of purchase, May 8 to exclude profits, and May 11 to close the record, while profits will be distributed to shareholders within a month from the date of the annual general assembly.
The meeting also witnessed the adoption of the financial statements for the first quarter of 2025, the ratification of the Board of Directors’s report on the company’s activity and financial position for the fiscal year 2024, the ratification of profits and losses, and the auditor’s report.