Media ININ Economy We Trust
Media in\ Abu Dhabi
At its annual meeting held at the Abu Dhabi Chamber of Commerce and Industry (ADCCI), Agthia’s General Assembly approved a cash dividend of 15%, or AED 90 million.
Agthia Group reported a net profit increase of AED 211 million in 2018, or 11 per cent, after deducting one-time non-recurrent revenue from 2017 revenues. The Group’s gross profit margin was 34.3 per cent, up 125 points The Group recorded AED 2 billion in revenues for the year ended December 31, 2018.
“The Group once again demonstrated its resilience and achieved strong financial results in another challenging year,” said Dhafer Al Ahbabi, Chairman of Agthia Group. “These results highlight our commitment to continue growth and meet challenges by transforming them into opportunities that positively impact shareholders. Consumers and partners. ”
Tariq Ahmed Al Wahidi, Chief Executive Officer of Agthia Group, said: “Cost improvement programs, supported by other group-level actions, have helped us maintain our profits.”
