The profits of “Sultan’s food” decreased 43% to 4.3 million riyals in the first half
The net profits of the Sultan Food Company for fast food decreased during the first half of the current year by 42.5% to 4.33 million riyals, compared to profits of 7.53 million riyals, in the same half of the previous year. "Saudi Arabia trading"Today, Sunday, the net profit decreased by 3.2 million riyals compared to the net profit of the similar period in 2024 due to the decrease in the margin of the total profit to 38% during the current period compared to 40.7% for the similar period of the previous year, and this decrease is due to the rise in operational expenses associated with production and distribution operations. 7.3 million riyals, due to the growth of sales and the increase in the share of delivery companies from the total sales, and the rise in the expected credit losses, as the company has formed a dedicated to the city’s suspicious receivables with an amount of 737 thousand riyals during the period.
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