The General Assembly of the Emirates Foods Group PJSC, in a statement that Namazone has seen a copy of, announced its approval to distribute 15% cash dividends, amounting to 90 million dirhams, during its annual meeting held last Thursday.
Agthia Group previously announced that net profits increased to 211 million dirhams in 2018, or 11%, after deducting some non-recurring one-time revenues from 2017 revenues, while the gross profit margin reached The group has 34.3%, an increase of 125 basis points over the previous year. The Group also recorded revenues of AED 2 billion during the fiscal year ended December 31, 2018.
It is worth noting that in 2018, Agthia opened its first water plant in the State of Kuwait, and increased its production capacity in the Kingdom of Saudi Arabia, in addition to launching new innovative products that include the first water fortified with vitamin D. Al Ain Water Vitamin D, Bambini eye water for infants. Today, food products are sold in more than 30 countries around the world.
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