Riyadh – Saudi Airlines Catering Company witnessed an annual leap of 1,729% in net profit after Zakat and tax to SAR 257.10 million in 2022, compared to SAR 14.05 million.
Revenues hiked by 49.94% to SAR 1.81 billion last year from SAR 1.21 billion in 2021, according to the financial results.
Additionally, the earnings per share (EPS) widened to SAR 3.14 in 2022 from SAR 0.17 a year earlier.
In the first nine months (9M) of 2022, the Saudi firm turned profitable at SAR 150 million, versus net losses after Zakat and tax worth SAR 32.10 million in 9M-21.
Meanwhile, the accumulated losses amounted to SAR 43 million as of 30 September 2022, which accounted for 5.30% of the SAR 820 million capital.
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