UAE's Agthia Group posts Dhs3.27bn in nine-month revenue
Agthia Group reported a 12.7 per YoY increase in profit to Dhs205.6m, with the faster rate of growth relative to revenue.
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Agthia Group reported a 12.7 per YoY increase in profit to Dhs205.6m, with the faster rate of growth relative to revenue.
Agthia Group reported a 6.6 per cent increase in first-half profit, despite the currency headwind in Egypt and some demand phasing in Q2 2023.
Middle East food and beverage heavyweight Agthia is looking to expand further in major date-consuming markets worldwide after a profitable first half of the year, with plans to boost production and processing capabilities already in motion.
Agthia Group said its revenues in the six months to June 30 surged by 10.3 per cent year-on-year to Dhs2.2bn.
Agthia’s balance sheet remained robust with cash and equivalents of Dh0.6 billion