Agthia Group, one of the UAE’s leading food and beverage companies, said its net profit for 2011 fell 25 per cent to Dh86 million ($23.4 million) compared to the year before mainly due to the higher soft commodity and PET prices.
Announcing the results, Agthia said the group's net sales for the year ended December 31 surged to hit Dh1.14 billion with a strong 14 per cent year on year growth.
The Emirati firm said over the last five years, it had achieved an impressive CAGR of 21.4 per cent in sales revenue and 24.3 per cent in net profits.
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