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dubai refreshments company (DRC) Snapshot

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11/12/14 - 20.75
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dubai refreshments company (DRC) Details

Dubai Refreshments (P.J.S.C.) is engaged in canning, bottling, distributing, and trading soft drinks and related beverage products of Pepsi Cola International in Dubai, Sharjah, and the other Northern emirates of the United Arab Emirates. The company sells carbonated soft drinks of various brands, including Pepsi, Pepsi Diet, Pepsi Max, Mirinda Vit C, Mirinda Citrus, Mirinda Green Apple, 7up, 7up Free, Mountain Dew, Shani, and Evervess; non-carbonated soft drinks of Lipton Ice Tea brand; and Aquafina drinking water. The company also exports its products internationally. Dubai Refreshments (P.J.S.C.) was founded in 1959 and is based in Dubai, the United Arab Emirates.

Founded in 1959

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dubai refreshments company (DRC) Key Developments

Dubai Refreshments Reports Earnings Results for the Second Quarter and Six Months of 2014

Dubai Refreshments reported earnings results for the second quarter and six months of 2014. For the quarter, the company reported net profit of AED 39.6 million, marking an increase from the AED 31.6 million reported during the same time last year. For the six months, the profit brings the total to AED 68.8 million, up from AED 60.2 million during first half of 2013.

Dubai Refreshments Company Announces Earnings Results for the First Half of Fiscal 2014

Dubai Refreshments Company announced earnings results for the first half of fiscal 2014. For the six months, the company reported a net profit of AED 68.7 million, marking an increase from the AED 60.2 million during the same period last year. The company made a revenue of AED 478 million - an increase from the AED 428 million from first half of 2013. The company attributed the gains to an increase in sales volume in local and exports business, as well as savings in key raw material prices.

Dubai Refreshments To Hold Merger Talks With Abu Dhabi Refreshments Company

Dubai Refreshments (P.J.S.C.) (DFM:DRC) said that it would open talks with Abu Dhabi Refreshments Company Limited, about a possible merger. Both firms are franchisee holders for the distribution of Pepsi Co products. Dubai Refreshments said in a statement that A working group would be set up to study a proposed tie-up between the two companies, which will report to the respective board of directors "in a few months".


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