CATRION’s 9M 2023 profit up 42% at SAR 213.2 mln; Q3 at SAR 92.3 mln

06/11/2023 Argaam Exclusive

View other reports

CATRION Catering Holding Co. reported a 42% profit leap to SAR 213.2 million in the first nine months of 2023, compared to SAR 150 million in the prior-year period.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	1,310.01	1,584.63	21.0 %
Gross Income	363.66	423.80	16.5 %
Operating Income	180.09	204.11	13.3 %
Net Income	150.02	213.21	42.1 %
Average Shares	82.00	82.00	-
EPS (Riyals)	1.83	2.60	42.1 %

The nine-month profit was driven by better sales from inflight catering, and interest income from Murabaha investment deposits.

The third-quarter net profit climbed 30% to SAR 92.3 million from SAR 71.25 million in Q3 2022 on improved sales from inflight catering, remote sites catering, railways catering services and interest income from Murabaha investment deposits.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	501.96	565.97	12.8 %
Gross Income	147.70	156.27	5.8 %
Operating Income	81.94	76.07	(7.2 %)
Net Income	71.25	92.35	29.6 %
Average Shares	82.00	82.00	-
EPS (Riyals)	0.87	1.13	29.6 %

Item	Q2 2023	Q3 2023	Change‬
Revenues	497.08	565.97	13.9 %
Gross Income	124.89	156.27	25.1 %
Operating Income	65.76	76.07	15.7 %
Net Income	63.73	92.35	44.9 %
Average Shares	82.00	82.00	-
EPS (Riyals)	0.78	1.13	44.9 %

CATRION’s bottom line increased by 44.8% quarter-on-quarter (QoQ) from SAR 63.73 million in Q2 2023.

Total shareholders’ equity, no minority interest, increased to SAR 1.21 billion as of Sept. 30, 2023, from SAR 1.02 billion in the year-earlier period.

View More Financial Results

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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×