Saudi Catering posts marginal revenue rise on resumption of domestic flights: CEO

16/08/2020 Argaam Special

 

Saudi Airlines Catering Co. (SACC) reported a marginal rise in revenue, driven by the resumption of domestic flights since June, CEO Wajdi Al Ghabban told Argaam in an exclusive on Sunday.

 

“The second quarter losses were mainly attributed to suspension of commercial operations, and commercial flights amid the COVID-19 pandemic precautionary measures,” Al Ghabban said.

 

Moreover, the company allocated provisions of SAR 46.8 million as of June 30, 2020, he added.

 

SACC reported a net loss after Zakat and tax of SAR 128.2 million for H1 2020, against a net profit of SAR 220.6 million a year earlier. It also incurred net losses of SAR 143.8 million in Q2 2020.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.