Dubai Refreshment (P.J.S.C.) said its normalized net income for the first quarter was 23 United Arab Emirates fils per share, a gain of 16.0% from 20 fils per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 20.7 million dirhams, an increase of 16.0% from 17.9 million dirhams in the year-earlier period.
The normalized profit margin increased to 9.9% from 8.8% in the year-earlier period.
Total revenue grew on an annual basis to 210.2 million dirhams from 203.7 million dirhams, and total operating expenses came to 184.1 million dirhams, compared with 182.5 million dirhams in the prior-year period.
Reported net income rose 13.8% from the prior-year period to 33.1 million dirhams, or 37 fils per share, from 29.1 million dirhams, or 32 fils per share.
As of May 8, US$1 was equivalent to 3.67 United Arab Emirates dirhams.
