Agthia Group Reports Impressive Growth

Abu Dhabi based food and beverage producer Agthia has announced that its net profit for the third quarter reached AED16mn (US$4.36mn) representing an increase of 81% from the same period the year before. This was on the back of a 49% year-on-year increase in sales, which rose to AED215mn (US$58.5mn). Agthia has been experiencing very strong growth overall in 2008, as sales for the first nine months of the year grew to AED599mn (US$163.1mn) from AED411mn the year before, an increase of 46%, while profit for the same period rose 90% to AED54mn (US$14.7mn). These results are particularly impressive given

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