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FinancialNews


  • 23-03-22

    Saudi Airlines Catering Co. records 30 percent increase in sales

    (MENAFN) Saudi Airlines Catering Co. went back to registering revenue during last year as flight operations started working again in the country after pandemic postponement.

    According to the company’s statement in a bourse filing, the flights rebound directed to a 30-percent increase in sales to SR1.2 billion (USD323 million), the firm that gives meals on Saudia flights.

    Its revenues hit SR14 million (USD3.73) during last year after the Jeddah-based company rebounded from a net loss reaching SR335 million (USD89.31) a year before.

    According to the firm’s statement, “despite the challenges of the pandemic, Saudi Airlines Catering Co. continues to implement various initiatives to improve the operational efficiency and optimize the costs.”

    MENAFN23032022000045013568ID1103898100

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