Dubai – Mubasher: Dubai Refreshments Company (DRC) announced its financials in its statement to the Dubai Financial Market (DFM) today. It reported a net profit rise by 13.8% to AED 140 million ($38 million) against AED 123 million ($33.4 million) during FY13.

Operational income increased to AED 131 million during the period against AED 115 million during the corresponding period in 2013. Similarly, revenues rose to AED 985 million compared to AED 892 million.

DRC attributed its growing profits and revenues in FY14 to a strong growth in the local market added to increasing exports and controlling operational spending.

It is worth noting that DRC has reported a net profit rise by 19% during the first nine months of 2014, compared to figures from the corresponding period in 2013, whereas its Q3-14 profits plunged by 41% compared to Q3-13.

DRC’s capital amounts to AED 90 million distributed on 90 million shares at par value AED 1 per share.