UAE's Agthia net profit up 28 percent in 2013


(MENAFN) UAE-based Agthia, one the biggest food and beverage groups, has reported a 28 percent increase in net profit last year, Arabian Business reported



Agthia Group announced that its unaudited results came at a net profit of USD43.5 million Iin the, increasing due strong sales and improved margins



Net profit growth was at a faster pace than sales growth last year on the back of improved gross profit margins in both the agri business division and the consumer business division, the company said in a statement



Total net sales went up to USD411million, increasing 14 percent from the year before it


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.