Today, Sunday, the Saudi Airlines Catering Company announced the conclusion of a contract with the Saudi Railway Company to provide food and beverage services in wagons, a cafeteria and train stations (North and East track), for a contract period of three years, with a value of 75 million riyals.
The company expects this contract to positively affect its financial results as of the fourth quarter of 2021, which will contribute to the sustainability of the company’s business, increase its cash flow and enhance its business group with its customers.
The Saudi Airlines Catering Company reduced its quarterly losses by 88% to 17.4 million riyals, in the second quarter of 2021, compared to 143.8 million riyals, in the corresponding period of 2020.
The losses decreased by 42%, compared to those incurred by the company in the previous quarter, which was 30 million riyals.
“Catering” said that it achieved 53.8 million riyals of operating profit in the second quarter, compared to losses of 40.7 million riyals, in the corresponding period of last year.
These were the details of the news “Saudi Catering” signs a contract worth 75 million riyals with “Saudi... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.