WAM: Agthia Group PJSC, one of the region’s leading food and beverage companies, announced that its quarterly net revenues surpassed AED 1 billion in Q1 2022 for the first time since its inception. The quarter, ending 31st March 2022, saw a 58% year-on-year improvement in net revenues compared to the same period in 2021.
Group net profit attributable to shareholders registered at AED 82 million for the quarter, a 64% increase relative to Q1 2021. The previous quarter was the first when the performance of all five acquisitions made throughout 2021 – Al Foah, Al Faysal Bakery & Sweets, Nabil Foods, Atyab and BMB Group – was consolidated and reflected on the Group’s financial statements.
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