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Spinneys' revenue hits record high in 9M 2024

news agency wam , 11 Nov 2024 - 12:40

 Spinneys has announced that the brand's revenue in the nine months ending September 2024 has reached a historical record of 2.3 billion dirhams.


According to Amac News: Based on the Spinneys, this figure shows an 11.4% increase compared to the same period in 2023.
Spinneys said its pre-tax profit rose 27.1 percent to 203 million dirhams, while net profit for the period rose 14.6 percent to 182 million dirhams.
Sunil Kumar, CEO of Spinneys, while expressing his satisfaction with the growth of his company's income, announced that Spinneys is expanding its activities in the UAE and Saudi Arabia.
He also added that the gross profit of Spinneys in the period of 9 months of 2024 has reached 948 million dirhams, which has increased by 12% compared to last year.
 Spinneys is a well-known supermarket and retail chain in the Middle East that operates especially in the United Arab Emirates and Egypt.


Story Code: 2036

News Link :
https://www.amacnews.com/en/news/2036/spinneys-revenue-hits-record-high-in-9m-2024

AMAC
  https://www.amacnews.com