Catrion, Baan report 2024 earnings

CATRION-

Catrion Catering Holding’s net income grew 24.8% y-o-y to SAR 352.8 mn in FY 2024, driven by a higher volume in aviation operations and an increase in gross and operational income, it said in a disclosure to Tadawul. Revenue was up 7.8% y-o-y at SAR 2.3 bn over the same period, buoyed by healthier returns from the firm’s inflight catering and business lounge segments.

ALSO- The company’s board approved distributing SAR 94.3 mn in dividends for FY 2024 at SAR 1.15 per share on 29 April, it said in a separate disclosure

BAAN-

Baan Holding returned to the black with a net income of SAR 5.2 mn in FY 2024, recovering from a net loss of SAR 89.8 mn the previous year, it said in a disclosure to Tadawul.. The company collected outstanding debt and ins. compensations, in addition to receiving higher returns from JVs, the disclosure said.

MEANWHILE- The company’s top line fell 8.6% y-o-y to SAR 678.7 mn amid reduced income from the hospitality and entertainment segments.