CATRION Profits Rise 25% to SAR 353 Million by End-2024

CATRION Catering Holding Co. announced on Monday that its net profit increased by 25% to SAR 353 million by the end of 2024, compared to SAR 283 million in 2023. This came after the announcement today of the preliminary financial results for the duration ending December 31, 2024.

The operational profit increased by 18% to SAR 361 million by the end of 2024, compared to SAR 304 million in 2023.

The shareholders’ equity (excluding non-controlling interests) for the current year increased by 13% to SAR 1.45 billion, compared to SAR 1.28 billion in 2023.

The profits per share for the current year amounted to SAR 4.3, compared to SAR 3.45 in 2023.

The Company announced in a statement today on Tadawul that it achieved a significant increase in revenues from SAR 2,133.8 million to SAR 2,299.3 million in 2024 compared to 2023. This increase in revenue reflects a growth rate of 7.8%. This increase is attributed to the in-flight catering sector and business lounges, which strengthened the company’s overall financial performance.