CATRION Catering Holding Co. reported a net profit of SAR 282.7 million for 2023, up 10 % from SAR 257.1 million in 2022, boosted by the positive performance of inflight and non-aviation catering segments.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 1,818.01 | 2,133.76 | 17.4 % |
| Gross Income | 516.32 | 565.99 | 9.6 % |
| Operating Income | 258.26 | 276.30 | 7.0 % |
| Net Income | 257.10 | 282.66 | 9.9 % |
| Average Shares | 82.00 | 82.00 | - |
| EPS (Riyals) | 3.14 | 3.45 | 9.9 % |
Revenue soared 17.4% to SAR 2.13 billion in 2023 from SAR 1.81 billion a year earlier, driven by the inflight catering segment as well as non-aviation catering services, such as catering to remote sites and healthcare customers.
Net profit dropped 35% YoY to SAR 69.5 million in Q4 2023.
Compared to Q3, the fourth-quarter net profit fell 24.8% from SAR 92.35 million.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 507.99 | 549.13 | 8.1 % |
| Gross Income | 152.66 | 142.19 | (6.9 %) |
| Operating Income | 78.17 | 72.19 | (7.7 %) |
| Net Income | 107.08 | 69.45 | (35.1 %) |
| Average Shares | 82.00 | 82.00 | - |
| EPS (Riyals) | 1.31 | 0.85 | (35.1 %) |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 565.97 | 549.13 | (3.0 %) |
| Gross Income | 156.27 | 142.19 | (9.0 %) |
| Operating Income | 76.07 | 72.19 | (5.1 %) |
| Net Income | 92.35 | 69.45 | (24.8 %) |
| Average Shares | 82.00 | 82.00 | - |
| EPS (Riyals) | 1.13 | 0.85 | (24.8 %) |
Shareholders’ equity, no minority interest, rose to SAR 1.28 billion as of Dec. 31, 2023, from SAR 1.11 billion a year earlier.
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