Media ININ Economy We Trust
Media IN/ABU DHABI, 1st May, 2019 (WAM)
Agthia Group today reported Q1 2019 net profit of AED40 million and revenue of AED508 million, representing revenue growth of 3.4 percent compared to the same period in 2018.
The Chairman of Agthia, Ayed Al Ahbabi, said,
“Our core businesses maintained their growth momentum in the first quarter despite persistent market challenges. We continue to achieve this success not only through the introduction of innovative new products but through successful diversification of our geographical penetration and product portfolio.”
Agthia Chief Executive Officer Tariq Ahmed Al Wahedi said,
“Agthia continues to retain a leading market position in multiple sectors, crowned by our continuously growing market share in a heavily competitive UAE water market.”
The announcement of the Group’s first quarter results follows the conclusion of Agthia’s 14th Annual General Meeting held in March in Abu Dhabi, at which Agthia shareholders approved a cash dividend of 15 percent for an amount of AED90 million. \
