Americana Restaurants Q1 2023 net profit down 19.2% -statement | Reuters

Americana Restaurants Q1 2023 net profit down 19.2% -statement | Reuters

Americana Restaurants International (AMR.AD), a fast food restaurant operator in the Middle East and Kazakhstan, on Thursday reported a net profit of $58.1 million in the first quarter, down 19.2% from the same period a year ago, according to a bourse statement.

The company, which is the franchisee of Pizza Hut and KFC in the Middle East, among others, raised $1.8 billion in an initial public offering and a subsequent dual listing in Abu Dhabi and Riyadh last year.