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

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 %

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.

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.


Comments {{getCommentCount()}}

Be the first to comment

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