UAE's food firm Agthia aims to double revenue to $1 bln by 2020 - CEO | Reuters:
"Abu Dhabi-listed food and drinks firm Agthia Group is aiming to double revenues by 2020 through organic growth and acquisitions, its chief executive said on Wednesday.
Agthia reported on Tuesday it made a net profit of 231 million dirhams ($63 million) last year on a 13 percent rise in revenue to 1.87 billion dirhams ($509 million), boosted by new products and exports.
"Our action plan is to grow our revenues to over $1 billion by 2020 by growing our businesses organically as well as through mergers and acquisitions," Iqbal Hamzah told Reuters."
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