Riyadh – Mubasher: CATRION Catering Holding Company registered a 19.48% year-on-year (YoY) surge in net profit to SAR 144.41 million during the first half (H1) of 2024, compared to SAR 120.85 million.
The company posted revenues amounting to SAR 1.11 billion in H1-24, an annual rise of 9.71% from SAR 1.01 billion, according to the financial results.
Earnings per share (EPS) increased to SAR 1.76 as of 30 June 2024 from SAR 1.47 in the year-ago period.
Financial Results for Q2-24
In the second quarter (Q2) of 2024, the net profits stood at SAR 73.18 million, up 14.82% from SAR 63.73 million a year earlier.
Revenues widened by 13.62% to SAR 564.80 million in the three-month period that ended on 30 June 2024 from SAR 497.08 million in Q2-23.
Quarter-on-quarter (QoQ), the profits in Q2-24 grew by 2.74% from SAR 71.22 million in Q1-24, while the revenues rose by 2.16% from SAR 552.81 million.
Dividends
The board members of CATRION approved cash dividends valued at SAR 94.30 million, equivalent to 11.50% of the company’s capital, for H1-24.
In this regard, the listed firm will pay a dividend of SAR 1.15 per share for 82 million eligible shares.
Eligibility and payment dates for the dividends will be 29 August and 15 September 2024, respectively.
