Abu Dhabi's food giant Agthia delivers on healthy Q1-2021 revenues of Dh665.5m | Retail – Gulf News
Boosted by recent acquisitions in the region, Abu Dhabi’s F&B giant Agthia - which owns 'Al Ain' bottled water - recorded a 17 per cent increase in first quarter revenues to Dh665.5 million, with the consumer division cooking up solid gains. The net profit came to just over Dh49 million from an 85 per cent increase.
And more deals are on the way. “We take to the future with great confidence and strengthening our protein and Egypt business with a new strategic acquisition in Ismailia Investments (Atyab),” said Khalifa Sultan Al Suwaidi, Chairman. “This is in continuation of the group’s pursuit to becoming an F&B leader in our region and beyond as part of our recently announced 2025 strategic plan.”
With revenues of Dh430.5 million, the consumer division was boosted by the addition of Al Faysal Bakey & Sweets in Kuwait. Another consolidation move, of Al Foah dates in Abu Dhabi, alone contributed Dh137 million to the revenues during this period.
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