Agthia's semiannual earnings of 84 million of AED

The Agthia group achieved a net profit of 84 million AED and a business turnover of 1.06 billion AED in the first half of 2019.
The Agthia group has increased its turnover by 5.4% compared to the same period last year.
Agthia noted that the group's water portfolio – Al Ain, Al Bayan and Albin – continued to dominate the UAE market with 30% and 28% of the shares in volume and value, respectively. Its international portfolio in Saudi Arabia and Kuwait, as well as the distribution of 5 gallon water bottles, also contributed to the revenues of the water and beverages sector.
The food sector has maintained a remarkable growth trajectory, with net sales up 30% over the same period last year. The flour sector of the agri-food division also recorded a 12% increase in sales compared to the same period last year, due to higher sales volumes at the local level.
"Agthia has proven its financial strength, despite the challenges of the market, maintaining its leading position and continuing to increase its revenues and protect its profits," Eng said. We look forward to continuing our approach to excellence, diversification and innovation to deliver value and quality to all of our shareholders.
Tariq Ahmed Alwahidi, managing director of the Agthia Group, said: "The strategy of geographic expansion and portfolio diversification has played a vital role in the growth of revenue in the first half of this year . The water portfolio also maintained its leading position in the UAE market thanks to the strength of our Al Ain brand and the successful distribution of 5-gallon water bottles. Our badets and international branches performed well, notably in Saudi Arabia and Kuwait.