Mubasher: Americana Restaurants International, listed on Abu Dhabi Securities Exchange (ADX) as well, posted 19.40% higher net profits attributable to the owners at $144.76 million in the first half (H1) of 2023.
The registered net profits were compared with $121.26 million in the January-June 2022 period, according to the consolidated interim statements.
Basic and diluted earnings per share (EPS) stood at $0.017 in H1-23, versus $0.014 in H1-22.
The revenues amounted to $1.24 billion in the first six months (6M) of 2023, up 7.80% from $1.15 billion.
Financial Results for Q2-23
In the second quarter (Q2) of 2023, the restaurant operator achieved $86.63 million in net profit attributable to the shareholders, an annual hike from $49.29 million.
Revenues grew to $652.06 million in Q2-23 from $574.35 million in Q2-22, while the basic and diluted EPS increased to $0.010 from $0.005
As of 31 March 2023, Americana Restaurants logged net profits attributable to the owners valued at $58.12 million, down 19.20% YoY from $71.97 million.
Last June, the company was included in the MSCI UAE Index, which contributed to attracting more regional and global institutions as well as index-tracking investors.
