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Emirates Business
Agthia Group PJSC, one of the UAE’s leading food and beverages companies, reported a net profit of AED 159 million during the first nine months of 2018, representing a 9% like-for-like increase compared to the same period last year. The group also reported AED 1.49 billion net revenues while gross profit margin reached a record-high 34.7 percent because of higher volume, better product mix and unwavering cost optimisation across the group.
Agthia’s consumer business that consists of water, beverage and food categories contributed 55 percent of the revenues in the nine months to September 30. Its agri business posted AED670 million in net revenues during the period.