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Emirates Refreshments Co PJSC (ERC)

Last update: 29 July 01:55 PM market time.
8.29
-0.67
-7.48%
Open 8.10
Previous Close 8.96
High 8.70
Low 8.07
Stock Statistics
Volume 214,419
Turnover 1,754,190.12
All data are 15 minutes late during market session

News

The company has been affected by the economic disruption amid COVID-19
7 March 10:08 AM Emirates Refreshments incurs AED 11m accumulated losses
Dubai – Mubasher: Emirates Refreshments has logged accumulated losses of AED 11.357 million, representing 37.86% of the company's capital. In 2018 and 2019, AED 18.05 million losses were accumulated due to a year-on-year (YoY) decrease in volumes …
The company's revenues retreated to AED 24.757m
9 February 09:50 AM Emirates Refreshments' initial results register decline in net losses
Dubai – Mubasher: The net losses of Emirates Refreshments declined to AED 7.182 million in 2020, compared to AED 10.11 million in 2019, according to the company's preliminary financial results for the period ended on 31 December 2020. The …
The new shares will be offered through the issuance of tradable subscription rights
7 December 2020 11:24 AM Emirates Refreshments' OGM nods to maximum limit for foreign ownership
Dubai – Mubasher: The shareholders of Emirates Refreshments Company have approved to set the foreign ownership in the company's capital at a maximum limit of 49%. The company's ordinary general meeting (OGM) has agreed on transferring the …
The loss per share stood at AED 0.152
9 November 2020 11:52 AM Emirates Refreshments sees lower losses in 9M; accumulated losses
Dubai – Mubasher: The net losses of Emirates Refreshments Company declined to AED 4.57 million during the January-September period of 2020 from AED 8.042 million in the same period of 2019. The company's revenues plunged to AED 19.7 million in the …
Poseidon Ocean Systems acquired around 9.89% of Emirates Refreshments
28 October 2020 10:09 AM DFM announces AED 4m direct deal on Emirates Refreshments' shares
Dubai – Mubasher: The Dubai Financial Market (DFM) announced a direct bulk deal on around 1.47 million shares of Emirates Refreshments Company at a price of 2.95 per share. The total value of the transaction amounted to about AED 3.78 million, …
The company has taken cost saving initiatives
10 August 2020 10:06 AM Emirates Refreshments logs AED 8m accumulated losses
Dubai – Mubasher: Emirates Refreshments Company has achieved accumulated losses of AED 7.57 million as of 30 June 2020, representing 25.24% of the company's capital. Over the past two years, AED 18.05 million losses were accumulated due to lower …
Hamad Al Amiri was elected as CEO
28 June 2020 09:32 AM Emirates Refreshments elects new chairman, CEO
Dubai – Mubasher: The board of Emirates Refreshments Company has elected Nader Ahmed Al Hammadi as the chairman of the company, according to the company's disclosure to Dubai Financial Market (DFM) on Sunday. The company's board also agreed on …
The company added new trading products in Q4-19
29 March 2020 04:39 PM Emirates Refreshments' accumulated losses exceed AED 16m in 2019
Dubai – Mubasher: Emirates Refreshments Company's accumulated losses amounted to AED 16.304 million in 2019, representing 54.35% of its capital, according to a disclosure to the Dubai Financial Market (DFM) on Sunday. To tackle the accumulated …
Losses increased to AED 2.436 million in the first nine months of 2019
12 November 2019 11:10 AM Emirates Refreshments widens losses in Q3
Dubai – Mubasher: Emirates Refreshments Company, listed on the Dubai Financial Market (DFM), has incurred net losses of AED 8.042 million during the first nine months of 2019, up from AED 4.098 million in the same period in 2018. Loss per share …
Any further updates to the company’s structure will be disclosed at appropriate time
27 August 2019 03:24 PM Emirates Refreshments’ general manager leaves
Dubai – Mubasher: Emirates Refreshments Co, listed on the Dubai Financial Market (DFM), on Tuesday announced the departure of its general manager Mourad Tarzi. Any further updates to the company’s structure will be disclosed at appropriate time, …
Sales narrowed down to AED 25.030 million in the six-month period ended June
23 July 2018 01:09 PM Emirates Refreshments incurs AED 2.7m loss in H1
Dubai – Mubasher: Emirates Refreshments Co reported a net loss of AED 2.76 million during the first half of 2018, compared to AED 1.046 million in H1-17. Sales narrowed down to AED 25.030 million in the six-month period ended June, from AED 26.86 …
Revenues stood at AED 54.654 million last year
11 February 2018 09:04 AM Emirates Refreshments sees AED 2.7m losses in 2017
Dubai – Mubasher: Emirates Refreshments Co on Sunday reported turning to loss last year. Net losses amounted to AED 2.7 million in 2017, compared to profits of AED 3.517 million a year earlier, according to a filing to the Dubai Financial Market …
A plant owned by Emirates Refreshments (Photo Credit: Company Website)
8 February 2017 10:50 AM United Foods acquires 14.46% stake in Emirates Refreshments
Dubai – Mubasher: United Finance Co. (UFC) bought a 14.46% stake in Emirates Refreshments, equivalent to 4.34 million shares, according to a statement. The Securities and Commodities Authority (SCA) gave an approval in early October to the …
Emirates Refreshments' profits reached AED 11,100 ($3,000) in Q4-16 (Photo Credit: Company Website)
1 February 2017 11:34 AM Emirates Refreshments profits down in Q4
Dubai – Mubasher: Emirates Refreshments Co. reported a 92.3% profit decline year-on-year in the fourth quarter of 2016, according to a bourse statement. Profits reached AED 11,100 ($3,000) in Q4-16, compared to AED 1.45 million ($394,690) in …
Emirates Refreshments Co.'s headquarter (Photo Credit: Company Website)
1 February 2017 10:45 AM Emirates Refreshments board proposes 10% annual dividends
Dubai – Mubasher: Emirates Refreshments Co. said its board recommended a 10% dividends or 10 fils per share for the fiscal year 2016. Total proposed dividend payout amounted to AED 3 million for FY16, according to a bourse statement. The …
Emirates Refreshments' net profits reached AED 670,080 ($182,380) in Q3-16 (Photo Credit: Arabianeye-Reuters)
13 November 2016 09:47 AM Emirates Refreshments Q3 profits down 73%
Dubai – Mubasher: Emirates Refreshments Co. posted a 72.9% year-on-year decline in profits during the third quarter of 2016, according to a bourse statement. Net profits reached AED 670,080 ($182,380) in Q3-16, compared to AED 2.47 million …
The SCA’s approval does not mean that UFC is committed to make the deal (Photo Credit: Company Website)
5 October 2016 09:25 AM UFC gets SCA’s approval to buy stake in Emirates Refreshments
Dubai – Mubasher: The Securities and Commodities Authority (SCA) gave an approval to the increase of United Foods Company’s (UFC) stake in Emirates Refreshments Co., according to a bourse statement. UFC will purchase 4.34 million shares from …
The company generated profits of AED 2.84 million in H1-16 (Photo Credit: Company Website)
9 August 2016 09:37 AM Emirates Refreshments posts lower profits in Q2
Dubai-Mubasher: Emirates Refreshments Co. reported a 39.3% decline in its second-quarter profits, according to a bourse statement. Profits reached AED 1.67 million ($454,560) in Q2-16, compared to AED 2.75 million ($748,530) in Q2-15. On the other …
Emirates Refreshments’ capital amounts to AED 30 million (Photo Credit: Company Website)
30 June 2016 08:51 AM United Foods buys stake in Emirates Refreshments
Dubai-Mubasher: United Foods Company acquired 20% of Emirates Refreshments’ capital, or 6 million shares, according to a bourse statement. Emirates Refreshments’ capital amounts to AED 30 million, distributed on 30 million shares.
An Emirates Refreshments Company plant (Photo credit: Company website)
24 April 2016 10:36 AM Al Mulla appointed chairman for ERC
  Dubai – Mubasher: Emirates Refreshments Company (ERC) announced that its board of directors approved on Saturday the appointment of Mana Saeed Al Mulla as board chairman. In addition, Abdullah Eissa Al Zaaby will act as vice chairman, ERC said …
Emirates Refreshments' head office (Photo Credit: Emirates Refreshments' Website)
17 April 2016 08:19 AM Emirates Refreshments Oks annual dividends
Dubai-Mubasher: The shareholders of Emirates Refreshments Co. gave the go-ahead to the recommended 5% dividends for 2015, according to a bourse statement. The dividend payout stands at 5 fils per share, totalling AED 1.5 million. The shareholders …
Photo Archive
3 March 2016 09:19 AM Emirates Refreshments plans 5% cash dividends
Dubai-Mubasher: Emirates Refreshments Co.  said its board recommended cash dividends for 2015 at 5 fils a share, totalling AED 1.5 million. The proposal will be discussed in the upcoming general meeting which will be held on 14 April. FY15 …
Photo Archive
10 February 2016 10:02 AM Emirates Refreshments profits skyrocket 488% in Q4-15
Dubai-Mubasher: Emirates Refreshments Company reported profits of AED 1.44 million ($392,000) in the fourth quarter of 2015, a surge of 488% from AED 245,000 ($67,000) in the same quarter of 2014, according to a bourse filing on Wednesday. In the …
Photo Credit: Arabianeye-Reuters
12 August 2015 08:58 AM Emirates Refreshments’ profits drop 38% in H1
  Dubai – Mubasher: Emirates Refreshments Co. (ERC) posted on Wednesday a net profit of AED 284,680 ($77,500) in the first six months of 2015, registering a sharp decline of 38.34% from AED 461,700 (%125,700) in H1-14, according to a filing to the …
Photo Credit: Arabianeye-Reuters
9 June 2015 10:55 AM Emirates Refreshments’ GM resigns
 Dubai – Mubasher: Emirates Refreshments Company (ERC) said on Tuesday that its general manager Michael Bernard Stanely has quit the company and that subsequent updates related to the company’s organisational structure will be announced at a …