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.
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