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UAE- Agthia reports 43% jump in annual profits  Join our daily free Newsletter

MENAFN - 29/03/2010

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(MENAFN) Agthia Group PJSC, a leading food and beverages group, said in a statement that it posted a 43.4 percent jump in net profits last year to 28.7 million, Khaleej Times reported.

The company's net sales grew 8 percent to 250.8 million for the year ending December 31, 2009, up from 232.4 million in 2008. The company's gross profit margin increased 630 basis points compared to 2008.

Sales were underpinned by volume growth across all product lines and in the water and beverages business in particular, the company said.

The integration of Capri Sun in the first half of 2009 also contributed to the sales growth, it added.

 






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