(MENAFN- Khaleej Times) Dubai Refreshments Company, the sole franchisee, manufacturer and distributor of Pepsi Cola products in Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah, has announced a net profit of Dh60 million in the first half of 2013, as per the preliminary unaudited results for the six months ending June 30, 2013.
Revenues were at Dh427 million, a drop of 16 per cent compared to Dh510 million recorded in the first six months of 2012.
Dubai Refreshments registered an operating profit of Dh52 million in the first half, 2013, compared to the Dh82 million recorded 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.
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