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10-02-22
Abu Dhabi’s Agthia revenue for 2021 registers over six-fold increase
(MENAFN) According to Abu Dhabi-based food and beverages firm Agthia statement, the company’s 2021 revenue registered over a six-fold increase as profit surged 49 per cent supported by new purchases.
According to the firm’s statement to the Abu Dhabi Securities Exchange, where its stocks are exchanged, net profit accredited to stockholders for the entire year surged to Dh216 million (USD58.81m). Profit throughout the time span hit Dh3 billion (USD816.7m).
According to Alan Smith, chief executive of Agthia Group statement, “revenues in 2021 improved markedly following key strategic acquisitions in the Protein and Snacking segments,” and added, “this is indicative of Agthia’s ability to adapt to the fluidity of the market by identifying compelling opportunities to bolster and diversify our brand portfolio.”
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