UAE du profits increased in the first quarter of 2023 by 19.1% to 370 million dirhams, from levels of 311 million dirhams in the corresponding quarter of last year.
The company attributed this mainly to the increase in earnings before interest, taxes, depreciation and consumption, the increase in financial income as a result of the increase in interest rates and the optimal management of cash flow, which enabled the containment of the increase in franchise fee expenses.
The company's revenues increased in the first quarter of 2023 by 10% to 3.44 billion dirhams, compared to 3.12 billion dirhams in the first quarter of 2022.
