Dubai: The Middle East’s biggest restaurant operator Americana helped itself to a healthy 27.1 per cent profit growth for 2022, to $259.2 million against the $203.91 million in the pre-IPO year of 2021. Revenues weighed in with $2.37 billion and up from the $2.05 billion a year before.

Listed on ADX and Saudi Tadawul, Americana went through a hugely successful IPO late last year, and with the generated funds meant for further expansion. Americana, who operates the Pizza Hut and KFC franchises among many, is currently trading at Dh3.84 and had seen a 6.8 per cent rise on Monday (February 13). (It had priced its shares at Dh2.62 in the offer.)