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Agthia Group Embraces Transformational Changes with the Announcements of 2020 Results
March 9th, 2021 - 05:45 GMT

Agthia Group Embraces Transformational Changes with the Announcements of 2020 Results

Agthia Group PJSC, a leading regional food, and beverages company, announced the Group’s net revenue reached AED 2.06 billion in 2020, which is equivalent to 1.1 percent y-o-y growth compared to the same period last year. The Group’s net profit came in at AED 34.5 million. Normalized net profit of AED 117 million excludes the aggregate AED 82 million one-offs recorded in the first 9 months, post the strategic review exercise with the ultimate aim of improving the quality of earnings and positioning the Group for long-term sustainable growth. Khalifa ...
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