Saudi Catering turns to SAR 30 mln net loss in Q1 2021

05/05/2021 Argaam Exclusive

Saudi Airlines Catering Co. (SACC) reported a net loss after Zakat and tax of SAR 30 million for the first quarter of 2021, against a net profit of SAR 15.6 million in the year-ago period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 452.70 256.26 (43.4 %)
Gross Income 119.16 51.70 (56.6 %)
Operating Income 34.54 (15.88) (146.0 %)
Net Income 15.56 (30.02) (293.0 %)
Average Shares 82.00 82.00 -
EPS (Riyals) 0.19 (0.37) (293.0 %)

The losses were attributed to the COVID-19 impact, namely the temporary suspension of international commercial flights from mid-March 2020, because of the precautionary measures adopted by the government. The temporary suspension of flights led to a direct impact on the company's operations, represented in a 43.4% year-on-year (YoY) decrease in revenue to SAR 256.3 million.

When compared to Q4 2020, the company narrowed its net loss after Zakat and tax by 70% from SAR 100 million,

 

Shareholders’ equity, excluding minority interest, dropped by 31.3% to SAR 830.1 million by the end of Q1 2021, compared to SAR 1.208 billion in the year-ago period.

 

The company’s accumulated losses by the end of March 2021 reached SAR 343.8 million, representing 41.92% of its capital.

View other reports

Share Price

CATRION Catering Holding Co.
128.00
(0.20) (0.16 %)

CATRION Catering Holding Co. (CATRION)

More


Financial Ratios
Current
Market Cap (M Riyal) 10,496.00
Enterprise Value (EV) (M) 10,148.70
Shares Outstanding ((M)) 82.00
EPS ( Riyal) (TTM) 3.94
Book Value (BV) ( Riyal) 16.53
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 32.95
P/E (TTM) 32.45
Price/book 7.74
Return on Average Assets (%) (TTM) 14.2
Return on Average Equity (%) (TTM) 25.2
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request