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Americana Restaurants International PLC announced its financial results for the first nine months of 2024, reporting revenues of $1.61 billion and an adjusted EBITDA of $350.6 million, resulting in a 21.8% EBITDA margin. The net profit attributable to shareholders was $117.4 million. The company expanded its operations by opening 113 new stores, bringing the total to 2,504 restaurants as of September 30, 2024. Compared to the same period in 2023, revenues declined by 15.2%, and net profit decreased by 48.2%, impacted by lower like-for-like sales, incremental depreciation from new store openings, and the implementation of corporate tax in the UAE. Despite these challenges, the company saw a recovery in average daily transactions and sales per store in Q3 2024.
Ooredoo Q.P.S.C. in Doha, Qatar, has released its condensed consolidated interim financial information for the nine-month period ending on September 30, 2024.
The consolidated financial statements of Ooredoo Q.P.S.C for the nine months ending September 30, 2024, show the following key elements: Total non-current assets decreased by 3% to QR 40,056 million, while total current assets increased by 9% to QR 18,685 million, resulting in a total assets increase of 1% to QR 58,741 million. Total current liabilities decreased by 6% to QR 10,653 million, and total non-current liabilities decreased by 7% to QR 15,207 million, leading to a total liabilities decrease of 6% to QR 25,860 million. Shareholders' equity rose by 8% to QR 32,881 million. In terms of profit and loss, total revenue increased by 2% to QR 17,657 million, net operating profit rose by 11% to QR 4,444 million, and profit attributable to shareholders grew by 10% to QR 2,923 million. Earnings per share increased by 10% to QR 0.91.
Americana Restaurants International PLC, located in Abu Dhabi, UAE, has announced that its Board of Directors has approved the company's consolidated financial statements for the three-month period ending September 30, 2024. This decision was made following a recommendation from the company's Audit Committee during a meeting on October 29, 2024. The approval was finalized by circulation on October 30, 2024. The notification was addressed to the Chief Executive Officer of the Abu Dhabi Securities Exchange and a copy was sent to the Securities and Commodities Authority. The announcement was signed by Saqib Muhammad Sabir Awan, Secretary of the Board.
The Management Discussion & Analysis report for the first nine months of 2024 financial results was released in Abu Dhabi, UAE, on October 30, 2024.