Agthia Group generated sharply higher profits as it improved margins and sales soared in the UAE.
The Abu Dhabi-based food group, best known for its Al Ain mineral waters and also owning distribution rights to brands including Chiquita and Capri-Sun, had substantial sales last year.
Agthia made profits for the year of Dh124.7 million (US$33.9m), an increase of 44.5 per cent compared with a year earlier.
The company's brands were helping it to generate substantial sales growth in the UAE, said Iqbal Hamzah, the company's chief financial officer, in a statement to the Abu Dhabi Securities Exchange.
"The strong performance is led by the 26 per cent sales growth in the consumer business division (UAE) and the 11 per cent growth in flour and animal feed," he said.
http://www.thenational.ae/thenationalconversation/industry-insights/retail/agthia-group-feeds-off-consumer-confidence
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