Riyadh – Mubasher: The accumulated losses of Saudi Airlines Catering Company have declined to total SAR 235.94 million as on 4 May 2021, according to a bourse filing on Monday.

The company earlier said the accumulated losses stood at SAR 343.8 million, representing 41.92% of the capital, until 31 March this year.

Saudi Airlines Catering incurred a net loss after Zakat and tax worth SAR 30 million during the first quarter (Q1) of 2021, against a net profit of SAR 15.6 million in Q1-20.