{"id":95616,"date":"2025-03-25T00:00:00","date_gmt":"2025-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/25\/catrion-baan-report-2024-earnings\/"},"modified":"2025-03-25T00:00:00","modified_gmt":"2025-03-25T00:00:00","slug":"catrion-baan-report-2024-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/25\/catrion-baan-report-2024-earnings\/","title":{"rendered":"Catrion, Baan report 2024 earnings"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CATRION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>Catrion C<\/strong><strong>atering Holding\u2019s<\/strong><strong> net income grew 24.8% y-o-y to SAR 352.8 mn in FY 2024<\/strong>, driven by a higher volume in aviation operations and an increase in gross and operational income, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85968&anCat=1&cs=6004&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue was up 7.8% y-o-y at SAR 2.3 bn over the same period, buoyed by healthier returns from the firm\u2019s inflight catering and business lounge segments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>The company\u2019s 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 <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85969&anCat=1&cs=6004&locale=en\" style=\"\" rel=\"noopener\">separate disclosure<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BAAN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"http:\/\/www.alhokair.com\/\" style=\"\" rel=\"noopener\">Baan Holdin<\/a><\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.alhokair.com\/\" style=\"\" rel=\"noopener\">g<\/a><\/strong><strong> returned to the black <\/strong><strong>with a net income of <\/strong><strong>SAR 5.2<\/strong><strong> mn in FY 2024<\/strong>, recovering from a net loss of SAR 89.8 mn the previous year, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=85976&anCat=1&cs=1820&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>.. The company collected outstanding debt and ins. compensations, in addition to receiving higher returns from JVs, the disclosure said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>The company\u2019s top line fell 8.6% y-o-y to SAR 678.7 mn amid reduced income from the hospitality and entertainment segments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Catrion\u2019s net income grew 24.8% y-o-y to SAR 352.8 mn<\/p>\n","protected":false},"author":1,"featured_media":95617,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[285,10,3936],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam-ksa","tag-umm-al-qura-for-development-and-construction","wpautop","entry"],"acf":{"mongo_id":"b8e7c589-5a88-40ae-a631-ac072567f4cc","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1985.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Catrion, Baan report 2024 earnings","related_issue":[95598],"teaser":"Catrion\u2019s net income grew 24.8% y-o-y to SAR 352.8 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.380e9c69-f0f1-4f82-b5a2-e4a0fcd14cc0.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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