Mubasher: The net profits attributable to the shareholders of Americana Restaurants International hit $58.12 million in the first quarter (Q1) of 2023, lower by 19.20% than $71.97 million in Q1-22.
Revenues stood at $589.42 million in the January-March 2023 period, an annual rise of 2.10% from $577.57 million, according to the consolidated interim income statements.
The basic and diluted earnings per share (EPS) plummeted by 19.20% year-on-year (YoY) to $0.006 in the first three months (3M) of 2022, compared to $0.008.
Meanwhile, the total assets reached $1.37 billion in Q1-23, up from $1.34 billion as of 31 December 2022.
Last March, the company’s shareholders approved cash dividends amounting to $103.46 million, equivalent to $0.0123 per share, for the second half (H2) of 2022.
The restaurant operator logged net profits attributable to the owners valued at $259.22 million last year, a 27.10% jump from $203.91 million in 2021.
It is worth indicating that Americana Restaurants commenced the listing and trading of its shares on the Saudi Exchange (Tadawul) and the Abu Dhabi Securities Exchange (ADX) in December 2022.
