Dubai PR Network, Online Press Release from Dubai and Middle East
 
Food, Beverages & Restaurant(Food Industry)
Filter PR by
  
Dubai Refreshments achieves net profit of AED 60 million in the first half of 2013
 

Company sales volumes up; total revenue worth AED 427 million

Dubai Refreshments Company (P.J.S.C.), the sole franchisee, manufacturer and distributor of Pepsi-Cola products in Dubai, Sharjah and Northern Emirates, has announced a net profit of AED 60 million in the first half of 2013, as per the preliminary unaudited results for the six months ending June 30, 2013.

The first six months of 2013 reflect good growth in local market but significant slowdown in exports for Dubai Refreshments with sales volumes in the local market showing solid gains compared to the last year, behind increased marketing spending.

Revenues were to AED 427 million, a drop of 16% compared to the AED 510 million revenues in the first six months of 2012.  The company registered an operating profit of AED 52 million in H1 2013, compared to AED 82 million in the comparable period last year. The drop in revenues and operating profits is mainly due to a decrease in sales volumes in the exports business and increased spending on consumer targeted initiatives in the local market.

Tarek El Sakka, General Manager of Dubai Refreshments, said: “DRC continues to show significant strength in the local market. Results were impacted by the volatile export business which was particularly strong in 2012. We expect less volatility as we progress forward with local business largely offsetting the drop in exports.”



Posted by : Dubai PR Network Editorial Team
Viewed 19483 times
PR Category : Food Industry
Posted on : Tuesday, July 16, 2013  10:43:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Savour authentic Ramadan iftar at Nehal
Next Story : The Access Effect - CAN Global Connections Help Build Local ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Move Aside C-beauty, K-beauty and J-beauty - There's a New Trend in Town and It Hails Fro... [6582-Views]
Inglot Cosmetics Partners With Cartoon Network for Limited Edition “The Powerpuff Girls” B... [6551-Views]
Autumn/Winter 19: Step out in the latest styles with City Centre Deira and City Centre Mir... [5539-Views]
Think LUNETTE for an earth-friendly period [5411-Views]
ACE launches its new and inspirational Outdoor collection [4380-Views]
Chain Reaction [4343-Views]
Dress for Diwali With the Rack by Kachins [4264-Views]
Restoration by Parmigiani Fleurier -The Yusupov Egg [4160-Views]
‘A Gift of Gold' offers at Malabar Gold & Diamonds [4056-Views]
New Strategic Partnership with Hewlett Packard Enterprise to help accelerate Abu Dhabi Dig... [3983-Views]
Handbags and Gladrags [3977-Views]
Sandro Launches Evening Capsule Collection [3947-Views]
Eighth World Championship title in all categories for Tissot Ambassador Marc Marquez [3904-Views]
Unifonic empowers business to capitalize on instant messaging apps to engage with customer... [3855-Views]
Celebrate guilt-free shopping to your fullest! [3825-Views]
VAIO returns to Middle Eastern in partnership with Nexstgo [3806-Views]
MBRU and King Saud University in Saudi Arabia join forces to enhance academic collaboratio... [3788-Views]
Peugeot Boxer 4x4 Concept Revealed [3660-Views]
Saudi Arabia's Ministry of Energy highlights enhanced cybersecurity credentials at GITEX T... [3623-Views]
His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum Challenges the City to Be ‘I... [3599-Views]
Hazzaa AlMansoori Undergoes Medical Experiments at Stars City as part of His Scientific Mi... [3575-Views]
During a press conference to announce the completion of preparations of Summit that will b... [3562-Views]
Victoria Beckham Eyewear Debuts New Collection for Fall 2019 [3544-Views]
Dubai Land Department welcomes Saudi Minister of Housing [3544-Views]
Team Abu Dhabi Stars Chase Double World Title Boost in China [3501-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories