Agthia Group PJSC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 01:04 pm EST
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Agthia Group PJSC reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was AED 953.54 million compared to AED 795.14 million a year ago. Net income was AED 40.46 million compared to AED 35.38 million a year ago. Basic earnings per share from continuing operations was AED 0.051 compared to AED 0.045 a year ago.
For the nine months, sales was AED 2,949.16 million compared to AED 2,113.5 million a year ago. Net income was AED 158.56 million compared to AED 103.3 million a year ago. Basic earnings per share from continuing operations was AED 0.2 compared to AED 0.139 a year ago.
Agthia Group PJSC is a United Arab Emirates-based company, whose principal activities include the establishment, investment, trade and operation of companies involved in the food and beverage sector. The Companyâs business segments are: the Agri Business Division (ABD), engaged in the manufacturing and distribution of flour and animal feed, as well as the Consumer Business Division (CBD), which is structured into the following industries: Bottled Water and Beverages, engaged in the manufacturing and distribution of drinking water, water based drinks and juices, as well as Food, engaged in the manufacturing and distribution of tomato and chili paste, fruit concentrate, frozen vegetables, fresh dairy products and frozen baked products. The Companyâs assets are located in the UAE, Oman, Egypt and Turkey and it provides its products to customers and consumers across the UAE, GCC, Turkey and the wider Middle East. Senaat, General Holding Corporation, is a major shareholder of the Company.