Saudi Airlines Catering Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

Saudi Airlines Catering Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

|Element List||Current Quarter||Similar quarter for previous year||%Change||Previous Quarter||% Change|

|Sales/Revenue||521.6||394.6||32.18||508||2.68|

|Gross Profit (Loss)||142.6||103.1||38.31||152.7||-6.61|

|Operational Profit (Loss)||65.2||46.1||41.43||98.2||-33.6|

|Net Profit (Loss) after Zakat and Tax||57.1||35.3||61.76||107.1||-46.69|

|Total Comprehensive Income||57.1||35.3||61.76||97.4||-41.38|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Current Period||Similar period for previous year||%Change|

|Total Share Holders Equity (after Deducting Minority Equity)||1,136.1||907.8||25.15|

|Profit (Loss) per Share||0.7||0.43|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is|| The profit after Zakat and tax for the period quarter 1, 2023 amounts to SAR 57.1 million as compared total profit after Zakat and tax of SAR 35.3 million reported in previous year due to improved sales from inflight, remote sites and railways catering services.

|

The increase in number of flights and growth in customer’s trading from non-aviation catering segments led to a direct impact on the company's operations with an increase of revenue by 32.2% (amounting to SAR 127.0 million).

|The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is||The profit after Zakat and tax decreased by 46.7% to SAR 57.1 million from SAR 107.1 million; however the turnover in quarter 1,