Dubai Refreshment’s profit for the nine months to September 30 rose 17.7% to AED147.8 million from a restated AED125.5 million a year earlier.
Revenue before excise tax rose 12.2% to AED748.0 million from AED666.8 million, according to interim financial statements the Dubai Financial Market-listed company filed on Thursday.
Third-quarter profit rose 13.4% to AED53.8 million from AED47.5 million. Quarterly revenue before excise tax climbed 18.1% to AED285.5 million from AED241.8 million.
Excise tax, which the company reports within total revenue, fell to AED151.5 million in the nine months from AED308.8 million. Total revenue declined to AED899.5 million from AED975.6 million as a result.
Gross profit rose to AED303.3 million from AED266.8 million. Operating profit increased 17.6% to AED150.5 million from AED128.0 million.
Earnings per share were AED1.64, up from AED1.39.
The company, which bottles and sells PepsiCo brands, said its board approved the third-quarter statements at a meeting at its Dubai Investments Park headquarters on Thursday.
