Agthia Group Q1 2018 Revenues Reach AED491 MillionSource: www.export-egypt.com 4/29/2018, Location: Middle East |
|
|
|
|
|
Agthia Group today reported Q1 2018 net profit of AED47 million on revenues of AED491 million, representing like-for-like revenue growth of 3.7 percent compared to the same period in 2017.
Agthia’s like-for-like profit growth amounted to 10.1 percent, fuelled by cost optimisation efforts across most lines in its consumer goods business. Speaking on the occasion, Dhafer Ayed Al Ahbabi, Chairman of Agthia, said, "Despite a challenging operating environment that saw the introduction of VAT and other headwinds, Agthia continued to grow in line with our 2020 strategy. We began 2018 with major steps that speak to our dedication as innovators in all of our industries, and we intend to continue to grow all of our businesses through the same kind of innovative thinking." The announcement of the Q1 results follows the conclusion of Agthia’s 13th Annual General Meeting held on 26th April, in Abu Dhabi. Among other published agenda items, a cash dividend of AED0.15 per share has been approved by the AGM. Shareholders entitled for cash dividends are those recorded in the Share Register on Sunday, 6th May, 2018. |
|
|
Financials and Investment News in United Arab Emirates >> |
 |
|||||
|
Egypt >> 9/19/2024 - Egypt is having a special participation at the IFTM-Top Resa exhibition, which lasts until Sept.19 in Paris.
Egypt’s pavilion has more than... |
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
|
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
Egypt >> 9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
E... |
|
Egypt >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, a...
|
Egypt >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field...
|
| United Arab Emirates Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | |
